US-listed investment bank Goldman Sachs has withdrawn its offer to sell shares in social network company Facebook to its American clients after regulatory pressure.
US-listed investment bank Goldman Sachs has withdrawn its offer to sell shares in social network company Facebook to its American clients after regulatory pressure.
The US Securities and Exchange Commission proscribes private placement of shares to more than 499 investors and marketing to them. Non-US clients will still be allowed to subscribe to the $1.5bn offering managed by Goldman Sachs, which said: "Goldman Sachs concluded that the level of media attention might not be consistent with the proper completion of…
