Editor’s note: This article was first published in April 2012, before Facebook’s IPO, and the expected date and price were soon overtaken: Facebook listed on the Nasdaq on 18 May 2012 at $38 a share, not $40, with a valuation of about $104 billion.
Facebook could go public on 17 May, according to TechCrunch on its blog.
According to several sources close to the company, cited by TechCrunch, Facebook is considering going public on 17 May, depending on whether the SEC agrees that all the paperwork (including the documents on the recent acquisition of Instagram) is in order.
This is in line with earlier reports that the company would list on the Nasdaq during the third week of May. It also fits with what a source told CNBC: that the social network was considering going public on either the 17th or the 24th.
According to the same TechCrunch sources, Facebook is valued at around $100 billion, a figure that reflects current trading levels on secondary markets. The target valuation for the share price would be $40 a share.
Investors want the price to be as high as possible, so that the secondary market isn’t seen as a problem.
So, if the sources are reliable, the SEC gives its approval and the world economy doesn’t run into trouble over the coming weeks, we will probably get to see the most eagerly awaited stock market debut around.
Featured image: Anthony Quintano from Honolulu, HI, United States, CC BY 2.0, via Wikimedia Commons.
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