Facebook Reportedly Closes In On May 17 IPO Date

Apparently, more people are saying that Facebook wants to schedule its initial public offer on May 17, although no one is going on the record about it. That date depends on the Securities and Exchange Commission approving the necessary paperwork, including filings related to the acquisition of Instagram.

Apparently, more people are saying that Facebook wants to schedule its initial public offer on May 17, although no one is going on the record about it.

The May 17 date would depend on the Securities and Exchange Commission approving the necessary paperwork, including filings related to the acquisition of Instagram, TechCrunch reported.

SEC rules effectively prohibit anyone with direct knowledge of the pending transaction to have an on-the-record conversation with the media.

Of course, certain types of individuals have a vested interest in getting the word out, since that would increase the hype over the transaction, which is exactly what

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