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

Technology Ashley Fern

This MacGyver-Like Hair Clip Can And Will Actually Save Your Life

Remember those little, flimsy hair clips circa 1990? Well, apparently they are making a huge comeback as mini toolboxes. Yes, you read that correctly — toolboxes. Each sports a flat head screwdriver, a 5/16 wrench, a serrated edge that can even slice through a rope and a ruler! Sunglasses need tightening? Just take the hair clip […]

Politics Sean Levinson

US Releases Photos That May Prove Russia Is Firing Across Ukraine Border

The Office of the Director of National Intelligence released surveillance images taken by air last week, claiming to prove that Russian troops have fired at the Ukrainian military from across the border. The photographs contain markings on multiple areas of the ground showing where the fire originated in Russia and made contact in Ukraine. Russia […]

Also On Elite

Life

You Will Never Be Free Until You Escape Your Old Life And Start A New One

Having rights and the ability to inhale and exhale doesn’t mean you’re free. Hell, having a house and can spend money doesn’t mean you’re not enslaved. Thousands of prisoners walk alongside us every day, their chains and shackles unseen by the naked eye. They are carrying weights, bars and insurmountable pressure on the top of […]

Humor

If Men Acted On Dates As They Do On Tinder, Nobody Would Get Laid (Video)

What’s creepier than a Tinder conversation? You would think the answer is nothing but, nope, that is not what we were looking for. The correct answer would be men acting the way they do on Tinder on a first date. Yes — it is as creepy, weird and uncomfortable as you could ever imagine. “Do […]

Film

Video Showing You Everything From Your Childhood Will Leave You Oozing Nostalgia

It seems that everything we held near and dear as kids is now being turned into a movie. There’s Michael Bay’s “Teenage Mutant Ninja Turtles” movie. There’s Michael Bay’s “Transformers.” There’s “The Lego Movie.” And now Wil Wheaton brings us “Literally Everything Else From Your Childhood: The Movie.” Obviously, this isn’t a real movie, but […]

Sports

If You Want To Know How Annoying You Are During The World Cup, Watch This Video

Worst Friends is a DIY pair of comedians that has shared some seriously high-caliber shorts to date. This act is highly recommendable for fans of YouTube celebs, Good Neighbor. Worst Friends’ latest release is both flawlessly executed and exceedingly relevant. The short is called “Did You See The World Cup?” and the creators offer the following […]

Politics

Netherlands Launches War Crimes Investigation Over MH17 Being Shot Down

Holland has launched an investigation into the attack of Malaysia Airlines Flight 17 that will charge the accused with war crimes and intentionally targeting a civilian aircraft. The Dutch Law on Internal Crimes states that any individual can be prosecuted for committing a war crime against a Dutch citizen, and there were 193 Dutch citizens […]