U.S investors won’t get a piece of Facebook
Goldman Sachs Group Inc. said it will offer shares of Facebook Inc. only to investors outside the United States, because completing the private securities offering amid “intense media attention” may violate market regulations, Bloomberg reported. “Goldman Sachs concluded that the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law. We regret the consequences of this decision, but Goldman Sachs believes this is the most prudent path to take,” the company said in a statement. Earlier this month, Goldman Sachs invited some of its richest clients to participate in a $1.5 billion private fund-raising round that values Facebook at $50 billion. Goldman ended its solicitation early because of overwhelming interest from its clients, CNNMoney.com said.