Facebook Targets May 17th For IPO Date

This just in: According to multiple sources close to the company, Facebook is eying IPO on May 17th -- depending on whether the SEC agrees that all the reams of paperwork are in order. ?This is in line with earlier reports that the company was going to hit NASDAQ during the third week of May. And also in line with what a single source told CNBC at depth, that the social network was considering either the 17th or the 24th.

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