The world’s largest social network is going to delay its plans to publicly sell stock, according to a recent report from the Financial Times that asserts Facebook will be delaying its highly anticipated initial public offering until late 2012. An April IPO was previously rumored, but the Times reports that sources close to the company say Facebook will be focusing on product development until an undisclosed date late in 2012 to go public in one the most closely watched IPO filings in recent history.
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Facebook: We Don't Need No Stinking IPO
Posted by: Rachelle Dragani September 15, 2011 11:19 AMThe world’s largest social network is going to delay its plans to publicly sell stock, according to a recent report from the Financial Times that asserts Facebook will be delaying its highly anticipated initial public offering until late 2012. An April IPO was previously rumored, but the Times reports that sources close to the company say Facebook will be focusing on product development until an undisclosed date late in 2012 to go public in one the most closely watched IPO filings in recent history.