Facebook IPO shares is expected to price on May 18 2012

Facebook IPO shares is expected to price on May 18 2012, ipo shares released May 18 2012 : Facebook plans to price its initial public offering with a market capitalization of $85 billion to $95 billion, according to the Wall Street Journal. On a per share basis, that would be in the “high-$20s to mid-$30s,” the Journal reported, citing anonymous sources.

The social networking giant plans to begin its roadshow to pitch the offering to Wall Street investors on Monday, the newspaper said. The actual IPO is expected to price on May 18 on the Nasdaq Stock Market. The deal is expected to be one of the largest technology IPOs ever.

Facebook is expected to update its S-1 filing with the SEC later Thursday, according to the New York Times.

Facebook recently posted first quarter 2012 revenues of $1.058 billion, up 45% year over year from $731 million. Facebook’s net income, however, dropped to $205 million, from $233 million in the year-ago period. The company cited seasonality and stock options expenses as reasons for the net income drop.

Facebook also in a recent filing showed an increasing user base, with 901 million monthly active users as of March 31, 2012, up 33% from the year-ago period. Daily active users were 526 million on average in March, up 42% from 372 million a year ago. Facebook users generated an average of 3.2 billion Likes and Comments per day in the first quarter of 2012. On mobile, Facebook had 488 million monthly active users in March.

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