Yahoo! News - Latest News & Headlines: Facebook IPO launch set for May 18

Yahoo! News - Latest News & Headlines The latest news and headlines from Yahoo! News. Get breaking news stories and in-depth coverage with videos and photos. // via fulltextrssfeed.com

Facebook IPO launch set for May 18 May 1st 2012, 22:56 Facebook founder Mark Zuckerberg (Yahoo/Phoebe Connelly)Facebook will launch its initial public offering (IPO) on May 18, with a corporate roadshow to mark the announcement beginning on Monday, May 7. The IPO is expected to be the largest ever by an Internet-based company. The date of the launch has remained somewhat in limbo as Facebook awaited approval from the Securities and Exchange Commission (SEC) of the social networking site's S-1 filing, according to CNET. The news was first reported via The Wall Street Journal's Twitter account. Forbes contributor Darcy Travlos questioned the move, saying it might trouble Facebook's investors after reports that the company has experienced "slowing metrics" and the recent $1 billion acquisition of photo-sharing site Instagram. The first meeting in Facebook's roadshow would likely take place on Monday at banking giant Morgan Stanley. Watch an in-depth explanation of Facebook's IPO plan in this video. More popular Yahoo! News stories • Grandparents allegedly tow 7-year-old behind SUV in toy car while drunk • 'Bullied dolphin hiding from pushy pod, officials say • Golden retriever guards owner's bicycle, then hops aboard for a ride

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