Facebook (FB) has set an IPO date of May 17, sources tell TechCrunch, contingent on the SEC...

|About: Facebook (FB)|By:, SA News Editor

Facebook (FB) has set an IPO date of May 17, sources tell TechCrunch, contingent on the SEC signing off on the company's paperwork in time. It's added Facebook will have an IPO valuation of $100B (reflecting recent trading on secondary markets), and (as expected) is looking to raise less than $10B. (S-1)