Facebook IPO set for May 18

As per the report published, Facebook will be going public as the company is geared up to beginits roadshow on Monday May 7.This will be one of the hugely expected tech initial public offerings which will take place on May 18, since the time Google went public in August 2004.

The Menlo Park, California-based company is obtaining to uplift about $5 billion in the offering. The final take on the pricing is yet to be decided by FB for the offering, which could estimate the company around $100billion. This money will be utilized in funding of corporate expansion, and also may be utilized for acquisitions.
The roadshow being a set of meetings with potential institutional investors, is planned in order to arouse interest in the company’s stock, the Wall Street Journal reported.

The founder and chief executive of Facebook Mark Zuckerberg and chief operating officer Sheryl Sandberg will be attending few of the meetings on Tuesday, though Sandberg and chief financial officer David Ebersman will work on the greater part of the presentations.

Last week Facebook revealed that it includes over 901 million users as of March 31, which accounts for benefits of $203 million on revenue of $1.06 billion for the 1st quarter. At the end of last year it had 845 million users.The daily active users of the company have expanded to 526 million, up 41.4%.

Last month FB declared of buying Instagram, its huge acquisition, a company which is behind a famous mobile photo-sharing application with the same name, for $1 billion. Facebook is filing its stock on the Nasdaq under the ticker symbol ‘FB’.