Because the IPO will be for $50 a share
The Goldman Sachs – Facebook saga just gets more and more interesting. With Facebook valued at 70 billion and Goldman Sachs holding a nice $7 Billion orders for their 1.5 billion slice, this has got to be the most impressive No-it-isn’t-an-IPO-honest thingy in memory.
An interesting twist is that thanks to Goldman Sachs awesome PR work, US buyers can no longer get a piece of Goldman Sachs pie thanks to possible attention of the SEC. The story is covered rather well here: Goldman’s Facebook plan falls apart.