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Facebook is looking at the May 17 date for its initial public offering, TechCrunch reports, citing several source familiar with the matter.
These sources also claim that Facebook will be valued at around $100 billion or $40 a share - close to the current valuation of the company based on secondary market trading.
The date, however, is not set in stone. Federal regulators might want more time to look at paperwork from Facebook's $1 billion acquisition of Instagram, which could push the IPO date back.
A change of climate in the market -- perhaps due to mounting problems in the Euro-zone -- could also be a factor.