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....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.