World Largest Social Network Site Facebook has delayed its Initial Public Offering until end of next year its been said that so employees can focus on developing products for the No. 1 social networking website, the Financial Times reported on Wednesday. Zuckerberg’s Facebook which is expected to to have one of the biggest IPOs in history, plans to go public at the end of 2012, a later public debut than it originally planned, the newspaper said, citing people familiar with the company. As we also hear that Facebook CEO Mark Zuckerberg wants to delay an IPO until September or later in 2012 so employees can stay “focused on product developments rather than a pay-out.” The decision was not related to market conditions. Facebook which had the revenue doubled to $1.6 billion in the first half of 2011. Investors have pushed its valuation to roughly $80 billion in the private markets.
Facebook Delays IPO To 2012
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Posted by: Victor Hernàndez
Tags: breaking, ceo mark, developing products, initial public offering, investors, ipo, mark zuckerberg, public debut, social networking, spotlight
