No Facebook For You
Tweet
Share
E-mail
Get Alerts GS Hot Sheet
Join SI Premium – FREE
Goldman Sachs (NYSE: GS) said U.S. clients won't be offered a piece of the $1.5 billion Facebook private offering citing "intense media attention," the Wall Street Journal reported Monday.
Goldman will now limit the offering to "offshore" investors.
In a statement to the Journal, the investment bank said it "concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law."
Goldman said it did not make the move at the request of regulators, including the SEC.
Goldman will now limit the offering to "offshore" investors.
In a statement to the Journal, the investment bank said it "concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law."
Goldman said it did not make the move at the request of regulators, including the SEC.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Avnet (AVT) files mixed shelf
- KKR to sell 5 million BridgeBio shares in secondary offering
- Evolution Metals adds retired Air Force general to its board
Create E-mail Alert Related Categories
Corporate News, Equity Offerings, IPOs, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
