Facebook IPO delay? Apparently Zuck's been too distracted
You might just have to wait a bit longer for Facebook's IPO, which is reportedly getting put off until June.
The guessing game continues around when exactly Facebook will go public.
The company had reportedly planned to start trading in mid-May, but now CNBC is reporting that it might not happen until June. The reason? Zuck's been too busy.
While Facebook's bankers have been out marketing the deal to mutual funds and other big money managers, the official road show has yet to begin. Facebook management had been eyeing to start that in early May, according to CNBC, with trading to begin the week of May 14.
But CEO Mark Zuckerberg has been busy with other matters, such as buying Instagram for $1 billion in cash and stock, and spending $550 million to scoop up about 650 patents from Microsoft.
So now, Facebook is apparently planning to bump back the roadshow to mid-May, and that would likely lead to a June IPO.