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Facebook IPO Rumored to Hit Nasdaq on May 17

Angela Moscaritolo
 & Angela Moscaritolo Managing Editor, Consumer Electronics

Our team tests, rates, and reviews more than 1,500 products each year to help you make better buying decisions and get more from technology.

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May 17 could be the day that Facebook makes its highly anticipated Wall Street debut, TechCrunch is reporting.

Citing multiple sources close to the company, TechCrunch said that Facebook's initial public offering (IPO) of stock will hit the Nasdaq on May 17, provided that the Securities and Exchange Commission (SEC) gives it the green light. The new information seems to confirm earlier media reports that Facebook would list shares on the Nasdaq during the third week in May.

Facebook's IPO will value the company at around $100 billion, according to TechCrunch.

Facebook filed papers with the SEC in February for a $5 billion IPO, ending months of speculation that the social-networking giant was planning to go public. The filing revealed that the social network had 845 million users and was profitable for the past three years, bringing in revenue of $3.7 billion last year.

Facebook will trade under the ticker symbol "FB" on the Nasdaq, according to reports. The Nasdaq is also home to such tech giants such as Apple and Google, while the rival NYSE recently won the listings of LinkedIn and Pandora.

Facebook just last week had the tech world buzzing thanks to its $1 billion acquisition of mobile photo sharing app Instagram. That deal is expected to close later this quarter.

Also, Facebook just got the go-ahead for a massive expansion of its headquarters in Menlo Park, Calif, according to the Palo Alto Daily News. The Menlo Park City Council this week approved Facebook's plans to expand its 57-acre, nine-building campus. The expansion will allow Facebook to hire thousands of additional employees and bring in millions of dollars to the city.

For more, see What Does a Facebook IPO Mean for Users?

About Our Expert

Angela Moscaritolo

Angela Moscaritolo

Managing Editor, Consumer Electronics

My Experience

I'm PCMag's managing editor for consumer electronics, overseeing an experienced team of analysts covering smart home, home entertainment, wearables, fitness and health tech, and various other product categories. I have been with PCMag for more than 10 years, and in that time have written more than 6,000 articles and reviews for the site. I previously served as an analyst focused on smart home and wearable devices, and before that I was a reporter covering consumer tech news. I'm also a yoga instructor, and have been actively teaching group and private classes for nearly a decade. 

Prior to joining PCMag, I was a reporter for SC Magazine, focusing on hackers and computer security. I earned a BS in journalism from West Virginia University, and started my career writing for newspapers in New Jersey, Pennsylvania, and West Virginia.

The Technology I Use

My little Florida beach bungalow is brimming with smart home tech. I have a smart speaker or display in every room, allowing me to control other connected devices by voice. The Nest Hub on my bedside table lets me set wake-up alarms, control my smart light bulbs, and set the temperature on my smart thermostat. I use the Amazon Echo Show 8 on my kitchen counter to browse recipes, reorder protein powder, check the weather, and watch the news while I do dishes. 

Because I suffer from allergies, air purifiers are essential. My favorite model is the Dyson Purifier Cool TP07, which doubles as a fan and continuously sends indoor pollution data to its companion mobile app. 

My pitbull Bradley sheds, so a good robot vacuum is a must. I currently use a premium Ecovacs Deebot that can both vacuum and mop, empty its own dustbin, and wash its own mop cloth. 

For fitness, I like to mix up my routine with cycling, indoor rowing, running, and strength training in addition to yoga. I take classes on the Tonal 2 smart strength training machine, I row indoors on an Aviron machine, and track my beach runs with an Apple Watch while listening to music on my Apple AirPods Pro. On the weekends, I love riding e-bikes like the rugged, beach-friendly Aventon Aventure for fun and fitness.

My job involves a lot of virtual meetings, so a quality webcam, microphone, and ring light are important. I use the Jabra PanaCast 20 webcam, the Elgato Wave: 3 microphone, and a Yesker tripod ring light. 

As for my preferred phone platform, I'm an iPhone person, but I've also extensively used Android for product testing.

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