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Facebook "to float" on 17 May

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The social networking site is set to go public in early May, say sources.

According to Technology site TechCrunch, Facebook is believed to be working towards a floatation date of May 17. Several sources close to the company have revealed the date to TechCrunch, on which Facebook will go public at an estimated value of $100bn.

Here is a chart showing the ten biggest IPOs:


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