Goldman Sachs Will Get $1 Billion From Facebook Share Sales Alone

By Jay Yarow | Business Insider – Thu 17 May, 2012 7:33 PM IST

Companies:

RELATED QUOTES

SymbolPriceChange
GS163.07-1.08

Goldman Sachs lost the Facebook IPO, but that doesn't mean it's not going to make boatloads of cash from the offering.

On share sales alone, Goldman Sachs will bring in $1 billion, Christine Harper at Bloomberg reports. Last year Goldman bought shares of Facebook at $50 billion valuation, which means it will double its money.

And it's only selling 44% of its stake. Down the road it can make even more money in share sales.

Goldman will bring in additional revenue by managing the underwriting of the IPO, and down the line, hopefully winning some business from the new millionaires coming out of Facebook.

So, even when Goldman loses, it still wins. It does not suck to be the Vampire Squid.

Don't Miss: The Inside Story Of How Goldman Sachs Blew The Facebook IPO



More From Business Insider

MARKET MOVERS

  • Most Actives
    NamePriceChange% Chg
    126.652.95+2.38%
    RCOM.BO
    50.854.35+9.35%
    DCB.BO
    22.250.30+1.37%
    UNITECH.BO
    67.550.00+0.00%
    RPOWER.BO
    60.90-1.70-2.72%
    APOLLOTYRE.BO
    More Most Actives »
  • Price % Gainers
    NamePriceChange% Chg
    13.480.00+0.00%
    AHMEDGA.BO
    15.942.65+19.94%
    SCANPGEOM.BO
    17.502.90+19.86%
    CORDS.BO
    49.857.60+17.99%
    AUSTENG.BO
    74.9510.40+16.11%
    DAAWAT.BO
    More Price % Gainers »
  • Price % Losers
    NamePriceChange% Chg
    10.380.00+0.00%
    ABIRAFN.BO
    29.600.00+0.00%
    ACCURATE.BO
    211.800.00+0.00%
    ACGL.BO
    100.000.00+0.00%
    ACRYSIL.BO
    15.900.00+0.00%
    ADIRASA.BO
    More Price % Losers »

Latest News

  • Wall Street opens flat ahead of Fed
    Wall Street opens flat ahead of Fed

    U.S. stocks opened little changed on Wednesday, holding much of the gains made over the last two days, ahead of a highly anticipated Federal Reserve statement and news conference. The Dow Jones industrial ... …

  • Emerson to offer smart solutions with NxtGen data services

    Bangalore, June 19 (IANS) IT infrastructure major Emerson Network Power Wednesday entered into a strategic alliance with NxtGen Data Centre and Cloud Service Ltd to offer its integrated smart solutions ... …

  • World stocks firm, dollar steady before Fed decision
    World stocks firm, dollar steady before Fed decision

    World shares edged higher while major currencies and commodities stayed within recent ranges on Wednesday as investors nervously awaited a decision on the U.S. Federal Reserve's next move. The Fed's rate ... …

  • Konkan Railway introduces 'green' toilets

    Mumbai, June 19 (IANS) Regular toilets will be replaced by eco-friendly bio-toilets for disposing human waste at all stations of the Konkan Railway (KR), an official said here Wednesday. Two railway stations, ... …

  • Sensex closes marginally higher; consumer durable stocks gain

    Mumbai, June 19 (IANS) A benchmark index of Indian equities market Wednesday ended the day's trade marginally higher than the previous day's close upon hopes of continuation of the US central bank's bond-buying ... …

  • EU fines Ranbaxy, others for blocking cheaper drugs
    EU fines Ranbaxy, others for blocking cheaper drugs

    European antitrust regulators fined nine drugmakers, including Denmark's Lundbeck and India's Ranbaxy, a total of 146 million euros for blocking the supply of a cheaper anti-depressant to the market, the ... …

  • World Bank offers $216 mn loan for Kerala transport projects

    New Delhi, June 19 (IANS) The World Bank Wednesday offered a $216 million loan for upgrading state highways and road safety in Kerala. A tripartite agreement between the World Bank, the Indian government ... …

  • Rupee gains, but still close to record low
    Rupee gains, but still close to record low

    The rupee rose on Wednesday, yet remained within close of its record low hit last week, as outflows from equity markets added to concerns about the funding of the current account deficit ahead of the U.S. ... …

More

MAJOR STOCKS (A-G)

MAJOR STOCKS (H-N)

MAJOR STOCKS (O-Z)

MARKET COMMENTARY

  •  
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
    Save List to Portfolio »

  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Yahoo! Cricket