The buzz on Facebook’s IPO was that the company would file in early January. So much for the credibility of the rumor mill.
The latest chatter points to this Friday. Why? The talk is based on a report from Bloomberg.com, which says that trading in Facebook shares in the secondary market has been suspended. The halt is supposed to last go from Wednesday to Friday.
Now, there can be many reasons for Facebook to do this. There may be a big announcement in the works, for example, and Facebook�s attorneys may want to avoid any legal complications.
But according toa follow-up on CNNMoney.com, Facebook has had a variety of trading suspensions in its lifetime. So this one is not a sure-fire sign that an IPO filing is imminent.
Based on the latest trades, Facebook is still a red-hot stock. Its valuation stands at $82 billion, putting the company in the major leagues of tech giants such as Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL).
Tom Taulli runs the InvestorPlace blog�IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of��All About Short Selling��and��All About Commodities.��Follow him on Twitter at�@ttaulli. As of this writing, he did not own a position in any of the aforementioned securities.
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