Facebook Targets May 17th For IPO Date

This just in: according to multiple sources close to the company, Facebook is eyeing IPO on May 17th -- depending on whether the SEC gets back to it on whether or not 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. According to the same sources, Facebook will be valued at around $100 billion, reflecting current levels of trading in the secondary markets (and avoiding SEC scrutiny). Other reports say that the company wants to raise $10 billion at a $100 billion valuation, but we like Kara Swisher, are hearing that it will be less.

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