engine - 4:10 pm on Sep 28, 2010 (gmt 0)

Facebook IPO Not Anticipated Before 2012 [uk.reuters.com]

Facebook, the world's largest online social network, is likely to go public sometime after late 2012, a board member said, satisfying investors' appetite for a slice of one of the Internet's biggest growth stories.

But Facebook board member, venture capitalist and PayPal co-founder Peter Thiel stressed on Monday that will not happen until after late 2012, and would depend on the company hitting certain revenue targets and how its business model develops.