Forget Facebook IPO Rumor If Zynga Doesn't Price Soon
Facebook doesn't want to participate in speculation about an initial public offer and honestly neither do we.
An official registration for an initial public offering has yet to emerge and yet everyone is talking about a Facebook IPO as if it’s a sure thing.
No one at the company will say anything other than Facebook’s official stance on the issue, as summed up in a quote from spokesman Larry Yu, “We’re not going to participate in speculation about an IPO.”
So with no on-the-record sourcing for the alleged IPO target of spring 2012, let alone any documentation showing such a plan is underway, we have a hard time calling this anything other than a rumor.
The three-letter acronym doesn’t jibe with what the company’s own Chief Executive Officer Mark Zuckerberg has said about not wanting to go public, not to mention the years spent in litigation keeping claimants like the Winklevoss twins and Paul Ceglia from diluting ownership of the company.
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