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November 18, 2011 11:32 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-_DahNFwlLE/
Facebooks IPO Motive: Keeping Employees, Not Compliance
Many people have believed that Facebook's initial public offering is due in 2012 since the company announced its giant funding round from Goldman Sachs at the start of this year. At that point, the company said in a press release that it "expected to pass 500 shareholders at some point in 2011, and therefore expects to start filing public financial reports no later than April 30, 2012."Public filings don't necessarily mean a company has to make its stock available for public purchase, but most usually do anyway.But our understanding is that it will be going public sometime next year for a different reason: rewarding its large roster of talented employees, who have been waiting years to cash in. Compliance isn't the primary motive.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-_DahNFwlLE/
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