Facebook aiming for May IPO, says report, but when is the question
Facebook looks to be preparing its initial public offering for May, according to insiders.
IPO finally on the way?
The social network halted trading of its shares on the secondary market this week, a not unusual step , according to "a person familiar with the matter"' said the Wall Street Journal.
Facebook filed for an IPO in early February, in an offering expected to raise as much as $10 billion. That would value the eight-year-old company at $100 billion.
It's unclear which week in May Facebook is targeting, the person told the WSJ. The timing depends in large part on the SEC and isn't in Facebook's control, this person said.