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How can I buy private Facebook stock?
01-19-2013, 06:15 AM
Post: #2
Mike Offline
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SEC regulations requires that a company can not have more than 100 owners and still remain private. Initially Goldman Sachs was going to try to sidestep US regulations and sell the shares to its US clients claiming that there was only one holder of the shares (Goldman Sachs).

However, with all the publicity, Goldman Sachs got cold feet fearing that they would end up losing another large lawsuit. Therefore they are only selling the shares to foreigners which isn't regulated by the SEC.
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Messages In This Thread
[] - Mike - 01-19-2013 06:15 AM
[] - John W - 01-19-2013, 06:15 AM
[] - falsi fiable - 01-19-2013, 06:15 AM
[] - howardrourke - 01-19-2013, 06:15 AM
[] - Ginko - 01-19-2013, 06:15 AM
[] - broadgoose726 - 01-19-2013, 06:15 AM
[] - Gael Butler - 01-19-2013, 06:15 AM

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