This latest rumor comes from multiple sources close to the company cited by TechCrunch. Don't go marking down the date on your calendar just yet. May 17 will only be the big day if the U.S. Securities and Exchange Commission (SEC) gives the green light for Facebook's mounting paperwork. Remember that in addition to the Instagram acquisition, Facebook also needs to amend its filing with details of its countersuit of Yahoo.
We won't know Facebook's actual valuation until right before the offering is made, which typically occurs about three months after a firm files for its IPO. The rumors have started for when Facebook will go public, and soon speculation about the valuation number will hit an all-time high. Will it be $100 billion?