Facebook will go public on May 18, in one of the most highly anticipated tech initial public offerings since Google went public in August 2004, The Wall Street Journal reports. The social networking company is set next week to begin its road show—a series of meetings with prospective institutional investors designed to stir interest in the company’s stock—people familiar with the matter tell the newspaper. Mark Zuckerberg, the founder and chief executive of Facebook, will reportedly attend some of the meetings. The Menlo Park, Calif.-based company is seeking to raise about $5 billion in the offering, giving the entire company a value of about $100 billion. Officials for Facebook declined to comment on the report. The company had 901 million monthly active users as of March 31, up from 845 million as of the end of 2011. Facebook is listing its stock on the Nasdaq under the ticker symbol “FB.” Read the full story from The Associated Press here.
Today’s poll question: Do you think buying stock in Facebook will be a good investment in the long term?
