Facebook is looking at May 17 as the day its much-anticipated IPO will hit the market, according to a TechCrunch report that cites multiple unidentified sources close to the company.
That date, which is still dependent on the Securities and Exchange Commission signing off on the company's S-1, is in line with earlier reports. Facebook executives were reportedlyover when to file IPO papers, with a target date for its shares to make their debut on the market between April and June. Sources told AllThingsD that the initial public offering would likely .
The social-media giant's IPO is expected to be one of the largest tech offerings ever. The company filed an S-1 form with the SEC in February, officiallythrough the IPO. That target dwarfs Google's $1.9 billion public offering -- the last monster tech IPO.
Adding intrigue to the equation was Facebook's recent acquisition of Instagram, a photo-sharing startup that has attracted more than 33 million users in less than 18 months of existence. While CEO Mark Zuckerberg reportedly-- surprising even the company's board members -- Facebook's bankers are now reportedly about the IPO.