With its roadshow Wall St. pitch scheduled to begin Monday, Facebook has set a tentative IPO date for May 18, the Wall St. Journal recently reported, citing “people familiar with the matter.”
Facebook CEO Mark Zuckerberg is expected to appear at some investor pitches, but not all of them, the newspaper reported. The bulk of the roadshow meetings will be handled by other leading Facebook executives such as Chief Operating Officer Sheryl Sandberg and Chief Financial Officer David Ebersman.
Assuming the roadshow goes smoothly, the IPO date will be set for May 18, with the final pricing for the deal set the day before, though the company could push the date back a day or two, the sources said.
The IPO could sell as many as $10 billion in shares and value the social network at $100 million, making it the largest tech IPO in history.
Facebook recently surpassed 900 million users, with 60 percent of its base in the US and the UK. That’s 33 percent higher than the year before.
The company recently posted an updated S-1 that showed a first quarter revenue for 2012 of $1.058 billion, a 45 percent increase over the previous year.