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“Private” placements of securities: a London view of the Facebook saga

  • Dechert LLP
  • -
  • United Kingdom, USA
  • -
  • May 2 2011

According to a story in the New York Times, on Sunday night, 2 January 2011, Goldman, Sachs & Co. sent a number of its wealthy U.S. clients an e-mail offering them the opportunity to invest in an unnamed “private company that is considering a transaction to raise additional capital.”