Facebook IPO likely in 2012

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The market for companies issuing new shares to the public was disappointing in almost every regard in 2011, snuffing out what many hoped would be a third year of recovery after 2008, when initial public offerings slowed to a trickle.

“It was a bad year,” says Francis Gaskins of “People scattered away from IPOs.”

That was clear in:

Full story: Facebook IPO likely in 2012

Dec. 23 (Bloomberg) — Reed Phillips, co-founder of media investment bank DeSilva & Phillips LLC, talks about the prospect of an initial public offering by Facebook Inc.