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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.
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