Peter Thiel: Facebook Won’t IPO Until 2012 At The Earliest

Quoting Techcrunch: "Facebook’s first investor Peter Thiel told Fox Business today that Facebook will not IPO until 2012. Earlier this summer, Bloomberg reported that Facebook was holding off on its IPO for another two years and Thiel seems to confirm this line of thinking.

Thiel says that Facebook wants to follow the example of Google, and doesn’t want to IPO until late in the process (which he claims is a byproduct of Sarbanes Oxley and other regulation)."