AfterDawn: Tech news

Facebook pushes IPO to Q3 2012

Written by Andre Yoskowitz @ 15 Sep 2011 1:05

Facebook pushes IPO to Q3 2012 According to the FT, Facebook has pushed its IPO to the Q3 2012.
The IPO had been expected for April, with some analysts believing it could come as early as this November.

When the social networking giant goes public, it could have a market value upwards of $100 billion. Private valuations have placed the capitalization at as high as $80 billion, so far.

The source claims founder Mark Zuckerberg wants to keep Facebook's employees focused on the site and not on a potential payout, and therefore has pushed the IPO.

Zuckerberg himself will be filthy rich once the company IPOs, as he has a 24 percent stake.

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