Facebook Said to Put Off IPO Until 2012 to Buy Time for Growth – Bloomberg
Facebook Said to Put Off IPO Until 2012 to Buy Time for GrowthBy Jul 30, 2010 2:00 AM MST Fri Jul 30 09:00:05 UTC 2010–
Facebook Inc. will probably put off its initial public offering until 2012, giving Chief Executive Officer Mark Zuckerberg more time to gain users and boost sales, three people familiar with the matter said.
Facebook would benefit from another year of growth absent the added scrutiny that comes with a public listing, instead of holding an IPO in 2011 as investors speculated, said the people, who asked not to be identified because Facebook doesn’t discuss share-sale plans. Still, Zuckerberg, who holds board control, could push for a stock sale at any time, they said.
It is hard to imagine how much growth there is to come for Facebook. To read the entire article, click on the bloomberg.com link above.