16 May '11, 9am

$csco Social network Viadeo shelves IPO plan: $nly $o

$csco Social network Viadeo shelves IPO plan: $nly $o

Social network Viadeo shelves IPO plan Companies: Google Inc. Yahoo! Inc. Dan Serfaty, CEO of Viadeo, speaks during the Reuters Global Technology Summit in Paris May 18, 2010. REUTERS/Stringer Related Quotes Symbol Price Change GOOG 518.42 -11.13 YHOO 15.81 -0.74 Follow these stocks {"s" : "goog,yhoo","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} On Monday 16 May 2011, 17:50 SGT By Leila Abboud and Marie Mawad PARIS (Reuters) - Viadeo, the world's second-biggest social network for professionals behind LinkedIn , is deferring a plan for an initial public offering (IPO), preferring instead to focus on growth in emerging markets, its chief executive said. The France-based start-up had been mulling an IPO in Europe, the United States or Hong Kong in a bid to surf on a wave of investor interest in technology start-ups that has sent valuations sky-rocket...

Full article: http://sg.finance.yahoo.com/news/Social-network-Viadeo-sh...

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