Friday, January 21, 2011

Facebook collects 1.5 billion worth 50, the stock market in 2012

NEW YORK - Facebook collects 1.5 billion dollars, the currency of 50 billion dollars. The social network has not yet decided how to invest the funds. It states: before April 30, 2012 will be launched in the demand for the IPO. The raised funds also include the investment by Goldman Sachs, for which requests from customers outside the U.S.

were higher bid. "We are pleased to be able to strengthen our liquidity position - said David Ebersman, chief financial officer of Facebook -. We now have greater financial flexibility that allows us to assess the opportunities that present themselves." Facebook will exceed quota by the year 500 shareholders or investors.

And from that moment will be available 120 days to rectify the position with the SEC (the law provides that an unlisted company may have a maximum of 499 shareholders or investors. Once reached 500 or more is required to register). Facebook has closed the first nine months of the year - is clear from the briefing paper released by Goldman Sachs distributed to investors in social networks - with a net profit of 355 million dollars on revenues of $ 1.2 billion.

Goldman clients who purchased securities of the social networks have had to invest in an investment vehicle based in Delaware, and created by the bank, called FBDC Investors. Investors were asked a minimum investment of $ 2 million and the obligation not to sell the shares until 2013, also on the secondary market.

The terms offered to the partners of Goldman would be more advantageous, since it would set a minimum investment of $ 2 million. Goldman's investment in Facebook has attracted attention in the SEC, which had already started an investigation on the secondary market. The American Consob has opened an investigation into the structure of Goldman Sachs for Facebook, widely covered by the press.

The federal and state law prohibits the "promotion and publicity" in private donations. "In light of the impressive coverage, Goldman decided to proceed with the offer only by investors outside the United States. Goldman concluded that the level of media attention may not be consistent with U.S.

law."

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