Founder of social networking site Facebook, Mr. Mark Zuckerberg, at the company's headquarters in Palo Alto, California.
Facebook Inc. has set the later part of 2012 as the time for its much-anticipated Initial Public Offering of stock, the Financial Times reported on Wednesday.
The IPO, expected to be one of the world's biggest with a possible valuation of up to $100 billion, had been expected by April 2012.
Some investors and analysts speculating that it could even come this year.
But reliable sources told Financial Times that the Chief Executive, Mr. Mark Zuckerburg, wants to wait until next September or later.
This is because the Facebook's employees will remain focused on product development rather than an IPO payout.
So the picture will be clear within a few months.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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