The long-awaited Facebook IPO could happen in the next few weeks. Facebook is likely to begin its IPO roadshow next week, which would confirm several reports that the company will premiere on the public market sometime in mid-May.
Facebook is reportedly putting the finishing touches on the documents it needs to complete before it courts such investors as mutual funds, hedge funds and pension funds. The IPO roadshow, a series of marketing presentations to potential investors to interest them in the company's securities, is expected to hit several major cities in the U.S., including New York City, Boston, San Francisco, Chicago, Los Angeles and Boston.
David Ebersman, Facebook's CFO, is expected to play a big role in the roadshow. It's still unclear whether founder Mark Zuckerberg will actually make an appearance.
Facebook's IPO is currently on track to become the largest Internet IPO ever. It would even trump Google's public market debut in 2004. Many investors have been highly critical of the $10 billion that Facebook is expected to raise, which would value the company at more than $100 billion.
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On Tuesday, Facebook made headlines by announcing a new feature on the Facebook Timeline that will help boost awareness of organ donation by allowing users to post their comments about their commitment to donate. The site currently has more than 900 million monthly active users, making it the largest social network in the world.