Want to Own a Chunk of Facebook?
Posted on Jan 3, 2011
Well, you may have to wait awhile, unless you’re among Goldman Sachs’ circle of elite customers who were given the investment opportunity Sunday night—an indication of other possible big moves that Goldman and Facebook might make down the line. Those outside that rarefied group could get the chance if the social networking behemoth goes public in 2012 or beyond. —KA
The New York Times:
On Sunday night, a number of Goldman clients received an email from their Goldman broker, offering them the opportunity to invest in an unnamed “private company that is considering a transaction to raise additional capital.” Another person briefed on the deal said that Goldman clients would have to pony up a minimum of $2 million to invest and would be prohibited from selling their shares until 2013.
A Goldman spokesman declined to comment.
Facebook has raised $500 million from Goldman Sachs and a Russian investor in a transaction that values the company at $50 billion, according to people involved in the transaction. As part of its deal with Facebook, Goldman is expected to raise as much as $1.5 billion from investors for Facebook.
[...] Goldman’s involvement means it may be in a strong position to take Facebook public when it decides to do so in what is likely to be a lucrative and prominent deal.
flickr / deneyterrio
Facebook CEO Mark Zuckerberg beams at an audience at the 2008 SXSWi conference.