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Facebook: No IPO Until 2009

Well, there goes that idea. Facebook investor Peter Thiel says there will be no Facebook IPO until 2009, at the earliest. That, of course, could mean anything -- like convince us! -- but it's clear there isn't one in the offing right now.

Facebook also is not ready to consider a public offering, for many of the same reasons it is not considering a sale.

Thiel said the "earliest" Facebook would go public is 2009, "and hopefully not until significantly after that." One route could be to emulate Mountain View, Calif.-based Google Inc. and go to the public markets after its business is well established.

"There are a lot of things Google did extremely well, and one of those was deferring the IPO decision until very late," he said. "It helped them build out the company team in ways they otherwise might not have fully done."

[via The Deal] 1

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