ShortNews
+ + + 3 BRANDNEW NewsTickers for your Website! + + + easy configurable in less than 1 Minute + + + GET'EM NOW! + + +

   Home | Join | Submit News | MyShortNews | HighScores | FAQ'S | Forums 1 Users Online   
   
                 05/26/2015 05:35 PM  
  ShortNews Search
search all Channels
RSS feeds
   Top News Economy
Under Armour Pulls Controversial Iwo Jima-Inspired "Band of Ballers" T-Shirt
Old Friend of Uber CEO Suing the Billionaire, Says It Was His Idea
more News
out of this Channel...
  ShortNews User Poll
Do you exercise frequently?
  Latest Events
05/26/2015 05:12 PM
estrella242 receives 100 Points for News Submission of 'Woman Has Lemon-Sized Hole in Her Head'
05/26/2015 03:54 PM
dolcevita receives 20 Points for very good Assessment of 'Military Jets Escort Air France Airliner After Threats to Airline'
05/26/2015 03:54 PM
Lurker receives 20 Points for Comment about 'Daughters Claim B.B. King Was Poisoned'
05/26/2015 03:53 PM
dolcevita receives 20 Points for very good Assessment of 'Daughters Claim B.B. King Was Poisoned'
05/26/2015 02:43 PM
dolcevita receives 100 Points for News Submission of 'Military Jets Escort Air France Airliner After Threats to Airline'
05/26/2015 02:04 PM
dolcevita receives 100 Points for News Submission of 'Daughters Claim B.B. King Was Poisoned'
05/26/2015 08:24 AM
davejohnsen receives 100 Points for News Submission of 'Disrupting Telecommunications in 2020 by Force'
05/26/2015 03:09 AM
Valkyrie123 receives 20 Points for Comment about 'ISIS Says It Has Enough Money to Buy Nuclear Weapon, Smuggle It Into the U.S.'
05/25/2015 06:21 PM
edie receives 20 Points for very good Assessment of 'Missing California Couple Found in Wilderness - Woman Alive, Man Died'
05/25/2015 06:20 PM
edie receives 20 Points for very good Assessment of 'ISIS Says It Has Enough Money to Buy Nuclear Weapon, Smuggle It Into the U.S.'
  2.397 Visits   1 Assessments  Show users who Rated this:
Quality:Very Good
Back to Overview  
01/18/2011 02:32 PM ID: 87506 Permalink   

Facebook IPO Will Not Be Offered to US Investors, Foreign Investors Only

 

Caused by SEC investigations, Goldman Sachs has limited its Facebook IPO offer to only foreign clients. SEC is investigating if reporting the IPO to the media was a violation of the ban on Promoting such offerings.

Fearing a repeat of the $550 million settlement resulting from an ealier SEC probe of Goldman Sachs practices, the investment bank decided to take the offering outside of SEC domain and not sell the IPO domestically.

Anything to do with Facebook is covered intensely by the media and it would be next to impossible for the IPO to not receive media coverage. Not selling Facebook to American clients is an unfortunate side effect of SEC vigilance.

 
  Source: www.reuters.com  
    WebReporter: Rose-Ockulisto Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  7 Comments
  
  Read this the other day  
 
and my heart sank.

I don´t quite understand this decision.
GM announced its IPO well before it actually became an offering.

Those looking to triple their money in a short period will now have to employ a broker outside the US.
 
  by: CArnold     01/18/2011 02:42 PM     
  Makes no sense  
 
IPOs of this nature are always widely publicized. This reeks of Goldman Sachs petulance.
 
  by: Ben_Reilly     01/18/2011 03:50 PM     
  wow thats bullshit  
 
I would´ve easily invested a few thousand.

way to help create wealth...
 
  by: syoware   01/18/2011 04:45 PM     
  If lost 550  
 
you may not see me either.
 
  by: MannyisHere     01/18/2011 06:59 PM     
  Doesn´t matter  
 
All IPO´s are bought up instantly anyway and most knowledgeable wall street sharks have a means to buy stock with off shore accounts.
 
  by: DRK   01/18/2011 09:18 PM     
  goldman vastly overvalued facebook  
 
you know those geniuses at goldman sachs have a lot in plan for this, far more than any of us mere mortals can fathom
 
  by: sceptre_of_fertility   01/19/2011 09:06 AM     
  ~  
 
Nice short term investment, but I shudder to think what sort of soul-crushing financial losses some people are going to endure when the magical imaginary monetary value train crashes on things like Facebook.
 
  by: velger   01/19/2011 11:19 AM     
 
 
Copyright ©2015 ShortNews GmbH & Co. KG, Contact: info@shortnews.com