Goldman Sachs Group Inc. has abandoned a widely criticized plan to privately sell as much as $1.5 billion in Facebook Inc. shares to wealthy U.S. clients of the Wall Street firm and instead will offer the stock only to foreign investors.power balance.
The offering came to light about two weeks ago when Goldman agreed to invest $450 million of its own money in Facebook in a separate transaction that valued the fast-growing Internet company at $50 billion. Coach Crossbody leather bags.
Although Goldman had not publicly discussed the offering, word of it leaked out and the bank said it eventually determined that the "intense media coverage" could be considered public solicitation by regulators.2011 coach outlet.
The offering came to light about two weeks ago when Goldman agreed to invest $450 million of its own money in Facebook in a separate transaction that valued the fast-growing Internet company at $50 billion. Coach Crossbody leather bags.
Although Goldman had not publicly discussed the offering, word of it leaked out and the bank said it eventually determined that the "intense media coverage" could be considered public solicitation by regulators.2011 coach outlet.