Facebook IPO Set for Mid-May, Report Says

NEW YORK (TheStreet) -- Despite concerns over a delay in its IPO, Facebook is set to go public in about two weeks.

CNBC's Kate Kelly reported the social networking company will begin its IPO roadshow on May 7, which would set up for an IPO in mid-May.

There were previous reports that Facebook would push back its IPO to June, as recent acquisitions including the Instagram purchase and patent purchased from Microsoft ( MSFT) would cause a distraction.

Facebook wouldn't comment on this story when contacted by TheStreet.

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-- Written by Chris Ciaccia in New York

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