Facebook won’t go public ‘until late 2012’

Facebook’s IPO won’t happen until at least late 2012 according to report in the FT that cites ‘people familiar with the company’. It had been expected that Facebook would go public in April 2012 and have an initial valuation of anything between $80-100 billion (a figure that has many seasoned analysts screaming about another tech bubble).
Some market analysts are blaming the debt ceiling crisis and probable Greek default on Facebook’s decision to delay its IPO. Stock markets, after all, probably won’t be the most fruitful and happy environments for the next nine months or so.
Others argue that it is Mark Zuckerberg’s decision alone and he feels the company is well capitalised and should concentrate on new product developments rather than rush into an enormous IPO that could distract everyone involved in the project and ultimately threaten the financial stability of the firm.

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