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Facebook Going Public in May: Report

If sources are right, documents will be filed in matter of weeks
By Kevin Spak,  Newser Staff
Posted Jan 16, 2012 11:18 AM CST
Facebook Going Public in May: Report
Facebook User Operations Safety Team workers look at reviews at Facebook headquarters in Menlo Park, Calif., Tuesday, Dec. 13, 2011.   (AP Photo/Paul Sakuma)

(Newser) – Facebook plans to hold its long-rumored, long-wished-for IPO the third week of May, sources tell Kara Swisher of All Things Digital. That would mean documents would have to be filed in a matter of weeks, since the SEC generally takes three to four months to evaluate them. Swisher is pretty confident in the scoop—"I called 143 people on this one," she brags—but warns that IPO planning can always "change, in a New York minute, to another month." (Read more Facebook stories.)

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