The IPO had been expected for April, with some analysts believing it could come as early as this November.
When the social networking giant goes public, it could have a market value upwards of $100 billion. Private valuations have placed the capitalization at as high as $80 billion, so far.
The source claims founder Mark Zuckerberg wants to keep Facebook's employees focused on the site and not on a potential payout, and therefore has pushed the IPO.
Zuckerberg himself will be filthy rich once the company IPOs, as he has a 24 percent stake.
Written by: Andre Yoskowitz @ 15 Sep 2011 1:05