Monday, April 19, 2021

Facebook IPO Could Be Delayed by Deals, Distractions

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.

Similar articles

Latest Articles

IT Planning During a...

Without a doubt, 2020 changed everything. I like to compare it to a science fiction movie where time travel is involved. Clearly, we have...

Best Data Quality Tools...

Data quality is a critical issue in today’s data centers. The complexity of the Cloud continues to grow, leading to an increasing need for...

NVIDIA’s New Grace ARM/GPU...

This week is NVIDIA’s GTC, or GPU Technology Conference, and they likely should have changed the name to ATC because this year – it...

What is Data Segmentation?

Definition of Data Segmentation Data segmentation is the process of grouping your data into at least two subsets, although more separations may be necessary on...