Facebook to delay IPO until late 2012: report
Wednesday, 14 September 2011 21:46
Facebook will delay its initial public offering until the end of next year so employees can focus on developing products for the No. 1 social networking website, the Financial Times reported on Wednesday.
Facebook, which is expected to have one of the biggest IPOs in history, plans to go public at the end of 2012, a later public debut than it originally planned, the newspaper said, citing people familiar with the company.
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Source: Reuters)
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