Goldman Sachs said it completed an oversubscribed offering to its non-US clients in a fund that invested $1bn in Facebook class A common stock.
Facebook has raised $1.5bn at a valuation of about $50bn, including a private placement by investment bank Goldman Sachs of two-thirds of the amount to its non-American clients.
Goldman Sachs said it completed an oversubscribed offering to its non-US clients in a fund that invested $1bn in Facebook class A common stock. However, pressure from US regulator Securities and Exchange Commission led Goldman Sachs to limit its placement to overseas investors as local rules prevent private placements to more than…
