Goldman Got $7 Billion In Orders For Facebook Shares
Goldman Sachs is limiting thes private sale of $1.5 billion in Facebook shares to offshore investors in order to avoid clashing with U.S. laws intended to keep private placements from getting over-hyped.
Goldman Sachs is limiting the sale of $1.5 billion in Facebook private shares to offshore investors in order to avoid clashing with U.S. laws intended to keep private placements from getting over-hyped, which in this case refers to the media. The limitation solves the problem of demand far outstripping supply, as some $7 billion of preliminary share orders had come in.
The investment bank told The Wall Street Journal that the “intense media attention” the Facebook deal has gotten “might not be consistent with the proper completion of a U.S.
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