Interesting news coming straight from CNBC stating that the social giant may face an unexpected delay in its Initial Public Offering – yes the biggies $5 billion giant IPO. The publication cited a number of issues, including deal flow and distractions. Even the fact that Mark Zuckerberg has been relatively uninvolved, making it hard for the IPO process to stay on schedule.
Earlier it was also reported that May 17 will only be the big day if the U.S. Securities and Exchange Commission (SEC) give the green light for Facebook’s mounting paperwork. Other rumor mounting up is that Facebook valuation is over $75 billion. The social giant recently bought up $1 billion worth photo sharing service Instagram.
Facebook had recently acquired Instagram deal where “surprising” is that the social giant’s Mark Zuckerberg kept board out of negotiations. The negotiation period was a mere weekend at Mark Zuckerberg’s house, where he and Kevin Systrom. The New York Times putting up the numbers that states how the total deal was: 30% cash, 70% stock and Stock valued at ‘north’ of $75 billion – that puts Facebook’s stock at around $30 a share.
So best now is to wait and watch – have popcorn in your hands and sit at the back to see what’s next in the store on Facebook IPO. Also, to go through over all Facebook IPO coverage, click here.