[Reuters] Russia's VKontakte delays IPO after Facebook debacle

Posted by: UGN Security

[Reuters] Russia's VKontakte delays IPO after Facebook debacle - 05/29/12 04:57 AM

MOSCOW (Reuters) - Russian social network VKontakte says it won't risk going ahead with its planned initial public offering fearing a repeat of the botched Facebook float which left U.S. regulators red-faced and investors around the world fuming.