Facebook will delay its IPO until late next year, people familiar with the company told the Financial Times. The IPO had been expected by April 2012, but CEO Mark Zuckerberg wants to wait until next September or later in order to keep employees focused on product developments rather than a pay-out, the report said. Facebook was most recently valued at USD 66.5 billion. Other internet companies, such as Groupon and Zynga, have been holding back on their IPO plans amid recent market turbulence. Facebook's plans have been set more to internal interests, people close to the company said.
