REPORT: Facebook to go public this month

(WXYZ) - Facebook is going public this month.

The Wall Street Journal reports the social network's IPO is set for May 18.  It will start pitching to investors Monday.

Facebook Inc. filed paper work for the IPO back in February. It still needs government regulators to officially distribute its S-1, the document filed with the Securities and Exchange Commission announcing a company's intent to go public . 

The Associated Press reported that in Facebook's regulatory filing with the Securities and Exchange Commission, it hoped to raise $5 billion in its IPO.