But a source told the San Jose Mercury News that the actual date is not set in stone and could be a few days earlier.
The social network's IPO is easily the most-anticipated tech stock debut in a decade. The company, founded in 2004 in a Harvard University dorm room, is looking to raise $5 billion in the offering. That easily outpoints the $1.9 billion Google raked in through its 2004 IPO -- the largest to date for an Internet company.
A Facebook spokesman declined to comment to the Mercury News on the TechCrunch report about the IPO date. As is typical when companies are in the pre-IPO "quiet period" mandated by the U.S. Securities and Exchange Commission, Facebook has generally declined to answer any questions related to the stock offering.
A person close to the company, however, told the Mercury News that while May 17 falls within the general range Facebook has been targeting for its Wall Street debut, "nobody really knows what the date is. It's going to depend on the SEC."
If the IPO is indeed set for the third week of May, Facebook likely would begin its two-week "road show," during which it would tout the stock to institutional investors, the week of April 30.
Sam Hamadeh, a New York analyst who has been closely following the Facebook IPO, said people close to the deal have told him the stock launch actually may come a day or two before TechCrunch's target.
"We've verified that the road show is targeted to begin by April 30 and wrap by May 11," said Hamadeh, a former investment banker who is now CEO of PrivCo....





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