Popularity Facebook Punches Goldman Sachs
It all could be so beautiful. Goldman Sachs had a private offering of shares in Facebook for investors in the United States. But due to the insane media attention, it had nothing to do with private anymore, which made the whole effort going against U.S. Securities Law.
With the decision to offer the Facebook package only to non-U.S. investors, Goldman Sachs is really loosing points with her best U.S. clients, leaving the company with another problem than the U.S . jurisdiction.
Despite the fact that this alternative was made, the $1,5 billion in shares of the initial private offer was secured. This because with the non-U.S. investors, the company already had a $7 billion in orders flooding in.
Disregarding to this situation, Facebook continues to be one of the best platforms for brands. Take a look at the top 10 of brands and their number of fans. The complete chart can be found here.
Want to know all ins and outs of this case? Read the whole Goldman Sachs story on The Wall Street Journal.