No Facebook IPO Till 2012, Facebook Investor Peter Thiel Confirms

, 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.

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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:

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