Goldman to exclude US from Facebook placement

City A.M. Reporter
GOLDMAN Sachs has decided to limit its private placement of Facebook shares to investors outside the United States, citing "intense media coverage," according to the investment bank.

"In light of this intense media coverage, Goldman Sachs has decided to proceed only with the offer to investors outside the US," the company said in a statement.

Goldman began notifying clients of its decision on Sunday night in Asia, and clients in Europe and the United States were being told on Monday, the Wall Street Journal reported.

Goldman said the decision not to conduct a private placement of the shares of Facebook, a closely held company, in the United States was solely its own and was not required or requested by any other party.