Facebook, which has been growing exponentially will not offer an Initial Public Offering (IPO) till 2012. This was confirmed by Peter Thiel, who is a board of director on Facebook to FOX Business Network.
In an interview on FOX Business Network, Peter Thiel confirmed that Facebook will not offer an IPO, at-least until 2012. The revelation was made during an Regulation and Innovation interview at FOX Business.
Thiel who was also the first investor in Facebook said:
Facebook will not IPO for awhile. I think we will follow the example of Google which is you do not go public until very, very late in the process. This is a by-product of Sarbanes-Oxley. At least two years. I think the company is on record saying it will not go public until 2012 at the earliest.
Watch the video of the conversation below:
