Facebook set for record breaking stock market debut from 17 May

IPO timetable now it SEC's hands

Facebook set for record breaking stock market debut from 17 May

Facebook's debut on the stock market looms large, with reports suggesting the social network's initial public offering (IPO) is now just a matter of weeks away.

The IPO is now in the hands of the US Securities and Exchange Commission (SEC) - the body still needs to sign off Facebook's S-1 filing - and if all goes to plan, the social network could enjoy one the largest ever stock market debuts on either 17 or 18 May.


Indeed, it's suggested Facebook's $1 billion acquisition of Instagram – as well as a move to pick up a bevy of patents from Microsoft acquired from AOL – will have likely stalled the S-1 filing, pushing back the IPO as a result.

Speculation suggested the IPO date might have slipped to June, though AllThingsD believes a mid-May offering is now most likely, with Facebook's original target having been pencilled in for April.

Facebook recently pegged its 2011 revenues at $1.1 billion, with 901 million users now registered on the platform – 500 million of which access the site via mobile or app.

[source: CNET]

Keith Andrew
Keith Andrew
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font. He's also Pocket Gamer's resident football gaming expert and, thanks to his work on, monitors the market share of all mobile OSes on a daily basis.