Status: Corporate Investor
Founded: 1869
Location: New York, NY
Facebook stake: 1%
Value: $850 million
Sterling-plated investment bank, Goldman Sachs (NYSE: GS) appears to have the inside track underwriting a future Facebook IPO with its participation in a $1.5 billion capital raise. Finalized January of 2011, the transaction included a $450 million investment from Goldman Sachs, $50 million from DST, and $1 billion from unnamed foreign investors. The deal valued Facebook at $50 billion. The financing created controversy as it appeared to be a way for Facebook to sidestep U.S. securities laws forcing privately-held companies to make SEC filings once they reach a 500 shareholder threshold. Facebook stated it will begin disclosing financial information, or stage an initial public offering, by April 2012.
Related Search
News of Goldman Sachs
How to find Goldman Sachs
Watch now Goldman Sachs
Success Goldman Sachs
Who Goldman Sachs
Employees Goldman Sachs
0 comments:
Post a Comment