MasterFeeds: Facebook blow for Goldman US clients

Subscribe in a reader Add to Google Reader or Homepage

Jan 18, 2011

Facebook blow for Goldman US clients

Facebook blow for Goldman US clients

http://ftalphaville.ft.com/thecut/2011/01/18/461276/facebook-blow-for-goldman-us-clients/

Goldman Sachs has scrapped an offer to clients in the US to participate in a $1.5bn investment in Facebook, dealing a blow to one of the most closely watched private financings for a US company, reports the FT. The offer will still be open to investors elsewhere but the bank said publicity over the plan threatened to put it in breach of US securities laws against the promotion of private share sales. Demand for shares in Facebook, which is considering a full initial public offering in early 2012, has soared in private markets in recent months, making Goldman’s ability to offer favoured clients the stock a coup for the bank. DealBook notes that problems with the offering may fuel recent tensions between Goldman and Facebook, and could damage the firm’s prospects of leading Facebook’s long-awaited IPO. DealJournal posts Goldman’s “sorry about that” statement.

Share
-- The MasterFeeds

No comments:

Post a Comment

___________________________________
Commented on The MasterFeeds

ShareThis


The MasterFeeds

MasterSearch

Categories

MasterFeeds News Finance china USA money stocks debt Commodities Gold United States Venezuela Dollars bonds Banks trading Markets economics FED Hedge funds Israel Oil Asia LatAm default credit metals Mining international relations russia central_banks CapitalMarkets HFT democracy zerohedge Euro Japan Silver elections India Iran Middle East SEC bailout Africa Europe Liberalism Trade UN bitcoin insider trading Agriculture FX Tech VC copper corruption real estate Brazil CoronaVirus ForEx Gold Silver Hamas NYSE Trump WeWork chavez food goldman Abu Dhabi Arabs EU Facebook France IPO Maduro NASDAQ Palestinians SWF TARP Turkey canada government ponzi recession revolution war Anti-Israel Cannabis Capitalism Citigroup Democrats EIA Hezbollah Jobs Lebanon NYC PDVSA Saudi Arabia Softbank Stats Syria Ukraine demographics socialism 13F AIG Advertising Berkshire Hathaway CBO Cargill Colombia Cryptocurrency ETF Ecuador Emerging Markets Eton Park Google Housing IMF JPM LME Mindich Mongolia OPEC PIIGS Pakistan Palantir Paulson Pensions Peru Politics Potash QE Scams Singapore Spain UK Yuan blockchain companies crash cybersecurity data freedom humor islam kleptocracy nuclear propaganda social networks startups terrorism Airlines Andorra Angola Apple Automobiles BAC BHP Blackstone COMEX Caracas Coal Communism Crypto DRC DSK Double-Dip EOS Egypt FT Fannie Mae Form Foxconn Freddie GM Gbagbo History ICO Iraq Italy Ivanhoe Ivory Coast Juan Guaido Lava Jato Libya London M+A MasterEnergy Mc Donald's Miami Mugabe Norway Norwegian Odebrecht Oyo PA PPT Panama QE2 Republicans Rio Ron Paul ShengNu Soleimani South Africa Tokens Tunisia UN Watch UNESCO UNHRC Uber VW Wyclef anti-semitism apparel bang dae-ho cash censorship chile clothing coffee cotton derivatives emplyment foreclosures frontrunning haiti infrastructure labor levi's mortgages philosophy shipping social media treasury women