Facebook eyes late 2012 for IPO - report

Sources claim CEO Zuckerberg holding off on listing to keep staff focused on product development.

Facebook Inc. has set the later part of 2012 as the time for its much-anticipated initial public offering of stock, the Financial Times reported online Wednesday, citing people familiar with the social networking powerhouse.
The IPO, expected to be one of the world's biggest with a possible valuation of up to $100 billion, had been expected by April 2012, with some investors and analysts speculating that it could even come this year.But sources told the FT that Chief Executive Mark Zuckerberg wants to wait until next September or later so that Facebook's employees will remain focused on product development rather than an IPO payout.