Facebook IPO may be delayed until June
Due to a string of acquisitions and other business distractions, Facebook’s multi-billion dollar initial public offering that was rumored to be set for May 17th may be delayed until early or mid-June, according to CNBC. Facebook founder and CEO Mark Zuckerberg has not been preparing for the IPO, but instead has been more focused on running the business and making acquisitions. As a result, the social networking giant’s IPO date will reportedly be pushed back so the company has time to make the appropriate preparations. Facebook filed with the SEC in February, and could raise as much as $10 billion at a $100 billion valuation when it goes public in the coming months. Facebook’s IPO is expected to top Google’s $1.9 read more..
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