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Goldman Restricts Facebook Offering

Goldman Sachs has restricted U.S. investors from buying shares of social networking company, Facebook.

Goldman Sachs has restricted U.S. investors from buying shares of social networking company, Facebook, The Wall Street Journal reports. The U.S. lender was previously planning to sell around $1.5 billion in Facebook shares to investors inside and outside the U.S., adds Bloomberg.

The New York-based bank and its funds had agreed to acquire around $450 million of closely held Facebook shares. Goldmanhas received around $7 billion in orders from foreign investors.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Bloomberg.

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