Report: Facebook Delays IPO Till 2012
Facebook will likely push back any consideration of an IPO to 2012 to allow more time for growth, according to a report from Bloomberg.
Investors had been speculating that Facebook would begin public trading some time in 2011. Offering common stock for sale to the public is a common way for young companies to generate capital quickly.
The additional time would allow the social network to gain more users and increase sales without having to worry about public examination of its earnings and operations, according to anonymous sources cited by the news organization.
Facebook has been keeping quiet about it’s IPO plans.
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