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SOCIAL MEDIA NEWS: Facebook ‘IPO set for 17 May’

The internet is aflutter with reports claiming Facebook’s IPO is set to take place on 17 May.

Quoting ‘sources close to the company,’ Techcrunch announced the social media giant is targeting this date, providing all the red tape is dealt with in time.

Rumours are also circulating that Facebook will float with a share price of $40, which would value the company at somewhere in the region of $100 billion.

Watch this space.