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Facebook IPO Set For Mid-May 2012?

Amidst high anticipation on the markets, social media giant Facebook is reportedly gearing up to announce what is likely to be the biggest ever IPO (initial public offering) for an Internet outfit.

According to report on AllThingsD (among others), citing 'several sources', it could happen "in the third week of May". Analysts are of the opinion that before going ahead, the company has been trying to prove its full worth as a key player in the market to investors.

It is also believed that the key responsibility for establishing it as a responsible and profitable platform for investment will be on the Facebook-daddy Mark Zuckerberg himself. He is likely to be assisted by Sheryl Sandberg- a former Google executive in this cause.

Interestingly, it was not too long ago when Mark Zuckerberg stated that the company was not in a rush whatsoever to go public.

"We want to see sharing increase. We want to see users continue to grow, but as we already have more and more users, the growth comes from activity. We are really emphasising what people do," Sanderbag explained during an exclusive interview with the Wall Street Journal towards the end of last year.

Facebook is the largest social media platform by a long way, with over 800 million users. monitors all leading technology stories and rounds them up to help you save time hunting them down.