![Facebook Delaying Its IPO Until Late 2012 [REPORT]](https://helios-i.mashable.com/imagery/archives/03yP80kF1K3Mt9zsPfpSSd2/hero-image.fill.size_1248x702.v1647020242.jpg)
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The reason, according to The Financial Times' sources, has nothing to do with uncertain market conditions; rather it reflects a desire to keep employees focused on product development.
The FT says Facebook's IPO was originally set for April 2012, but a public offering is now being planned for "September or later." The report pegs the current value of the IPO at $66.5 billion. Facebook reps could not be reached for comment.