We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Facebook 'delaying IPO until September next year'

But it may have to report numbers from April under regulatory rules

Facebook is delaying its initial public offering (IPO) on the stock markets until late next year, according to reports.

The hotly anticipated listing will not take place until September, the Financial Times reported, citing sources close to the matter. The company has not commented.

Originally, the listing was expected in April. Recent share valuations have put Facebook's market capitalisation at $66.5 billion (£42.2 billion), the paper noted.

Facebook chief executive Mark Zuckerberg is reportedly keen to delay the listing in order to keep employees focused on products.

Under US regulatory rules however, Facebook will have to report some numbers by April, the paper reported, having already passed the 500 shareholder mark. This could be a first official glimpse into revenues rumoured to have topped $1.5 billion.

IDG UK Sites

What is Google Photos? How to back up and share all of your photos for free

IDG UK Sites

Why I think the Apple Watch sucks and you'd be mad to buy it

IDG UK Sites

Swatch launches a colourful smartwatch

IDG UK Sites

New Apple TV 2015 release date rumours: TV streaming service delayed, hand gesture interface being...