Sunday, November 19th, 2017

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Facebook Not Looking at IPO in Near Future

Mark Zuckerberg thinks about a potential IPO only occasionally.After the biggest IPO of the season, Groupon, has passed by, investors are beginning to turn their sights on the next big prospect. Unfortunately for them Agence France-Presse reports that Facebook’s Mark Zuckerberg is not terribly inclined to push forward with an IPO.

The company has two major prospects in the coming years, finally going public and breaking into the currently restricted Chinese market. In an interview with PBS’ Charlie Rose, however, Zuckerberg reiterated that the company is under no pressure to go public and so is not making it a priority at the moment.

Zuckerberg noted that the company has attracted some of its most talented workers by offering shares in the company, which will only gain real value when the company goes public, but he noted that he hopes to always make decisions about Facebook for the long-term.

“Honestly, it’s not something I spend a lot of time on a day-to-day basis thinking about now,” Zuckerberg told Rose regarding an IPO.

ZDNet notes that Facebook is less than one year removed from raising $1.5 billion from private investors, funds for which the company announced no immediate uses.

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