Facebook Delays IPO Until Late 2012
Postponement for product development, not market conditions
Facebook has put off its initial public offering until the end of next year to allow developers to come up with new products. The social networking site was expected to go public in April 2012, with speculation that it could come as early as this year, the Financial Times reports, quoting “people close to the company.”
Facebook is expected to have one of the biggest IPOs in history. In June this year, CNBC predicted that a public offering would value the company at $100 billion.
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