Facebook IPO May Be Delayed

Facebook IPO May Be Delayed

Facebook's big day may be a bit late.

CNBC is reporting that the company, which had been planning to have an Initial Public Offering in mid May, now projects that it may not hit the stock exchange until June.

At root of the delay is Facebook's multiple recent high-profile business deals, including its purchase of Instagram for $1 billion and a $550 million patent deal with Microsoft. Both of those acquisitions have necessitated additional financial disclosures with the SEC.

According to CNBC, Zuckerberg has been too busy handling business operations to get everything in line for the IPO.

[CNBC via CNET]

Tags: facebook-ipo, ipo, facebook, mark-zuckerberg
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