Saturday October 24, 2020

Goldman to Dump $1 Billion of Facebook Holding in IPO

Goldman Sachs Group Inc. and funds managed by the firm will sell 28.7 million of the 65.9 million shares they own – about $1 billion of stock in Facebook’s initial public offering. They will cash out more than twice the amount initially planned after the social network “doubled in value,” Bloomberg reports.  More…

Posted by at May 17, 2012
Filed in category: Business, Ironic, Tabloid,

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