Facebook Wants To Hit The NASDAQ On This Date

nasdaq zuckerberg

Photo: milkmit/Dylan Love

Facebook is targeting May 17th as its date for IPO, reports TechCrunch.This lines up with earlier reports that the social networking site would arrive on the public markets in the third week of May.

This is, of course, dependent on the SEC giving it the go-ahead, and the stack of paperwork with its recent Instagram acquisition won’t necessarily make the process easier.

The report indicates that Facebook will be valued around $100 billion despite the fact that the company actually values itself around $75 billion.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.