Facebook Raises $1.5B In Goldman Offering

Law360, New York (January 21, 2011, 8:33 PM EST) -- Facebook Inc. announced Friday it had raised a total of $1.5 billion in new financing, $1 billion of which came from an offering to wealthy non-U.S. clients of Goldman Sachs Group Inc.

The social networking giant said the overseas offering had been oversubscribed, but it had made a “business decision” to limit the foreign fundraising to $1 billion.

The Palo Alto, Calif.-based company said it could have raised anywhere between $375 million to $1.5 billion in the private offering, which had been closed to U.S. investors....
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