Facebook may launch IPO in May

New York: Social networking site Facebook is expected to launch the much anticipated initial public offer (IPO) in the third week of May, a media report said on Tuesday.

Citing multiple sources, technology blog ‘All Things Digital’ reported that the long-anticipated public offering of Facebook is now likely to come in the third week of May. Facebook offering is expected to be one of the largest IPOs — with reports suggesting that the company will raise USD 10 billion on a USD 100 million valuation.

The site has 800 million users worldwide — a figure that is likely to hit one billion this year. Besides, its revenue, reportedly close to USD 4 billion in 2011, is expected to be over 30 per cent higher this year.

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