Facebook IPO Could Be Delayed Up Until June

Facebook IPO Could Be Delayed Up Until June
News
Like Us On Facebook
Like Us On Facebook

With it being just less then two weeks away from the potential launch of Facebook’s IPO roadshow, a string of acquisitions and other business distractions are becoming possible threats to the delay of the sale, say people who are familiar with the matter at hand. 

The Facebook team has been eyeing to have their offering in May and the roadshow to launch as early as May 7th. Trading of the stock would of started sometime on the week of the 14th.

In recent weeks, founder and CEO Mark Zuckerberg has been focused on running the business and making acquisitions such as buying Instagram for $1 billion to better prepare for the share sale. This made it hard for him and other managers to focus on the IPO preparations which are extremely tedious and time consuming.

As a result of this change in game plan, the roadshow will launch somewhere around May 14th or even late May depending on how things go. This would delay the initial trading until early or mid-June.

That’s because the Memorial Day holiday, which is May 28, will likely mean that the stock market is less liquid, and therefore less hospitable, to a new issue like Facebook for several trading days late in May, making it a bad time to be on the road or to launch trading.

Effectively, says one person familiar with the matter, Facebook is looking at a “Plan A, B, C, and a D” for its IPO.

A Facebook spokesman declined to comment on the expected timing of the deal.

Having a CEO like Zuckerberg whose bias is to hunker down and do his job rather than fixating on potential stock prices and investors may be more an asset than a liability.

However, Zuckerberg’s surprise decisions to buy Instagram for $1 billion over the course of a weekend and a $550 million patent portfolio from Microsoft have created the need for additional financial disclosures with the SEC, say lawyers and other people familiar with the matter, and answering all the Commission’s questions could take additional time.

Elite.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In News

World Adam Matula

Baby Elephant Has Some Serious Ribbon Dancing Skills (Video)

Elephants are apparently masters of ribbon dancing and rhythm gymnastics. Recent footage captured by tourists shows Faa Mai, a baby elephant who was rescued and currently lives at the Elephant Nature Park in Thailand, showing off in front of friends with a large blue ribbon. The intriguing baby elephant does tricks with the ribbon, spinning […]

World Adam Matula

Drunk Guy Somehow Manages To Get Stuck Under An ATM Door (Photos)

When an ATM swallowed his card, a drunken Cheng Kao got scared he might get locked inside the glass booth. He tried to escape by squeezing underneath the glass wall. Instead, he ended up stuck for an entire night. Concerned citizens of Zhejiang, an eastern province in China, called to report the stuck, unconscious man. […]

World Adam Matula

Once A Cheater Always A Cheater: Science Says Cheating Is Repetative

If your current partner cheated on their ex to be with you, it’s very possible you’re relationship is in serious trouble. Research suggests lovers who are “poached” away from others are more likely to cheat in their new relationships. Scientists at the University of Southern Alabama researched levels of commitment and satisfaction among 443 men […]

Also On Elite

Dating

10 Definitive Ways To Tell You’re In Love With The Right Someone

Falling in love is one of the most exciting, rewarding and scariest things you could ever do. Once you’re in love with someone, it’s hard to remember how you lived without him or her. Of course, you were alive before you met this person, but you really didn’t start “living” until the two of you […]

Humor

Childhood Ruined: The Endings Of Your Favorite Pixar Movies Are Actually Really Sad

Since releasing “Toy Story” in 1995, Pixar has produced an impressively consistent stream of critically acclaimed blockbusters that have been propelled to success thanks to compelling stories, as well as colorful characters and animation. There are a number of factors that play into Pixar’s success, but one of the most important is its ability to […]

Envision

These Photos Of Pit Bulls Will Get Rid Of Any Negative Opinions You Have About Them

Nearly one million pit bulls are euthanized in the US every year. Sophie Gamand’s new photo series aims to change public perception of pit bulls and hopes that it will lead to more adoptions. “Flower Power” features pit bulls dressed in Lana Del Rey-style flower headpieces. Gamand, a French photographer currently based out of Brooklyn, wanted […]