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Facebook sets IPO date for May 18: Report

Washington, Wed, 02 May 2012 ANI

Washington, May 2 (ANI): The roadshow for social networking giant Facebook's Initial Public Offering has been scheduled to start on Monday, according to a report.

According to a Wall Street Journal report, sources familiar with the matter said Facebook has set a planned date for its IPO of May 18.

They also revealed that Facebook founder Mark Zuckerberg will make some appearances on the roadshow, but would not attend all meetings, The New York Post reports.

According to the sources, other top Facebook executives like Chief Operating Officer Sheryl Sandberg and Chief Financial Officer David Ebersman will handle the bulk of the roadshow meetings.

"If the roadshow goes smoothly, Facebook will hold its IPO, which could raise as much as 10 billion dollars and value the company at around 100 billion dollars, on May 18, setting final pricing for the deal the day before," the sources said. (ANI)

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