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Facebook IPO reportedly set for 18 May

02 May 2012

Facebook will reportedly go public on May 18 following a road show to pitch potential investors.

According to a report by the Wall Street Journal the social networking powerhouse will release its eagerly-awaited initial public offering (IPO) mid-month after a two week road show which will attempt to attract investors.

The report follows speculation that Facebook would have to postpone its plans because of a series of acquisitions the company made last month which distracted executives.

Facebook recently signed a $550 million patent deal with Microsoft for the ownership of 650 patents.

Last month it also acquired photo-sharing service Instagram, a deal said to have been driven largely by Facebook chief executive Mark Zuckerberg.

Some analyst said the purchase of Instagram without board approval raised concerns over the future management structure of the firm, as Zuckerberg would not be given so much leeway in a publicly-traded company.

A two week road show will, theoretically, be used to ease potential investor's fears and prepare Facebook's stock for sale. It will begin on 7 May and carry all the way through to the IPO start date.

Facebook has become one of the most eagerly-awaited public offerings since Google hit Wall Street in 2006.

Many analysts believe that the success, or failure, of Facebook stocks will play a major role in technology businesses' future decisions to go public.

News of Facebook's plans date back all the way to January when rumours spread that the company was planning a spring IPO date.

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Shaun Nichols

Shaun Nichols is the US correspondent for He has been with the company since 2006, originally joining as a news intern at the site's San Francisco offices.

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