Facebook Shares Not Available in U.S. ; Goldman Sachs to Only Sell to Foreign Investors.
Columbia Daily Tribune › January 19, 2011
Linked as:
Summary
NEW YORK -- Goldman Sachs Group Inc. has abandoned a widely criticized plan to privately sell as much as $1.5 billion in Facebook Inc. shares to wealthy U.S. clients of the Wall Street firm and instead will offer the stock only to foreign investors.
The offering came to light about two weeks ago when Goldman agreed to invest $450 million of its own money in Facebook in a separate transaction that valued the fast-growing Internet company at $50 billion.See the full content of this document
Extract
Facebook Shares Not Available in U.S. ; Goldman Sachs to Only Sell to Foreign Investors.
At the time, some commentators condemned the plan for a private offering because it limited the oppor...
See the full content of this document
Sponsored links
