Report: Facebook IPO May Be Delayed Yet Again

Remember that May 17 date for the Facebook initial public offering that was widely reported last week? We would advise writing that in pencil, and not ink.

CNBC reported that the impending IPO has not been at the top of the priority list for Co-Founder and Chief Executive Officer Mark Zuckerberg and other top executives, with the focus instead on acquisitions and running the social network.

In particular, Facebook’s $1 billion acquisition of Instagram and $550 million purchase of former AOL patents from Microsoft will require that additional information be submitted to the Securities and Exchange Commission.

A Facebook spokesman would not comment on the timing of the IPO, but a source familiar with the proceedings told CNBC that Facebook is looking at a “plan A, B, C, and D.”

CNBC reported that the new speculation is that Facebook will not kick off its investors’ road show until at least May 14, and possibly not until the end of May. With the desire to avoid the Memorial Day holiday, when markets are quiet due to vacations, early or mid-June are looking more probable as IPO launch dates.

Readers: When do you think the Facebook IPO will finally happen?

Image courtesy of Shutterstock.

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