People seem to be anticipating the Facebook IPO with as much excitement as kids waiting for Santa Claus. According to the Wall Street Journal, they may not have long to wait. The newspaper said May 18 may be the big day.
Documents filed with the SEC indicate initial shares will cost $28 to $35 each. Wall Street Journal calculations estimate that CEO Mark Zuckerberg's shares will be worth between $14.9 billion and $18.7 billion. Analysts said the social networking company itself could be valued at $96 billion, setting a record for a web-based business that goes public.
Facebook representatives were not immediately available for comment.