It looks like we can expect Facebook to post a big news update to their feed on May 17—the day that the company will likely make its initial public offering official.
Multiple outlets are reporting the tech giant is eyeing the date to make their big splash on the market, which could see the company valued at as much as $100 billion. The money raised by the IPO could be much less than that—but investors are looking for at least a $40 share price to start out.
The social media behemoth has a lot of ducks to get in a row—including pages upon pages of paperwork to file—before the SEC gives it a green light. But the recent acquisition of Instagram has made investors more bullish about the company’s mobile strategy. That bodes well for a dramatic increase in the number of people forking over cash for a little online friendship.