dcsimg

Facebook IPO Could Be Delayed by Deals, Distractions

Public trading of the social networking company's shares could be postponed from May to June.

WEBINAR:
On-Demand

How to Help Your Business Become an AI Early Adopter


CNBC: Unnamed sources who are "familiar with the matter" tell CNBC that Facebook's IPO could be delayed until June. The company was expected to begin trading publicly in May, but now that seems less likely. The sources say that Facebook CEO Mark Zuckerberg has been focusing on running the company in recent weeks instead of preparing for the stock sale. In addition, the company has recently purchased Instagram and a large number of Microsoft patents. Those unexpected purchases will require the company to file more paperwork with regulators, which will also slow down the IPO process.

Sources say Facebook will likely launch its roadshow sometime after May 14, with the first day of trading not likely until mid-June.




Tags: Facebook, social networking, IPO


0 Comments (click to add your comment)
Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 

IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.





×
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.