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Facebook IPO Unlikely to List in China

People are betting on the fact that whether Facebook can list in China or not and it appears unlikely due to following reasons:

China Securities and Regulatory Commission (CSRC) will not accept its IPO listing as its prospectus lists vaguely regarding the usage of capital proceeds. Facebook has honestly they have written that they will not be able to let how the proceeds will be used as they have not finalised any plans as the proceeds are likely to be used for the acquisitions of other businesses.

Facebook IPO for $5 Billion was scheduled on 17 may 2012 may face some delay due to its unannounced acquisition recently. Facebook founder and CEO Mark Zuckerberg has not been preparing for the IPO, but instead has been more focused on running the business and making acquisitions. Thus be ready for the delayed launch of the IPO which is going to be watched worldwide. It will be largest internet industry IPO in History. The earlier one was Google’s $1.9 billion.

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