Facebook is planning to go public in May, according to the latest rumour posted by All Things Digital.
The report, which cites a number of unnamed sources, states that Facebook is now scheduling its listing for the third week in May.
If the rumour is true, that would mean Facebook is legally obligated to file documents with the Securities and Exchange Commission within the next month – the review process takes several months.
The rumour also comes after previous reports indicated Facebook wasn’t thinking about taking the company public until 2012 at the earliest. Chief executive Mark Zuckerberg has resisted relinquishing control of his company for several years.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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