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Perspective

Mar. 4, 2011

The Evolving Role of IPOs for Second-Generation Internet Companies

What companies should consider now that the financial opportunities provided by IPOs are less attractive now than in previous years. By Thad A. Davis and Kyle A. Withers of Ropes & Gray.


By Thad A. Davis and Kyle A. Withers


Much ink has been spilt in recent weeks over Goldman Sachs' investment in Facebook. Originally planned as a $500 million investment by Goldman Sachs and Digital Sky Technologies, with a related private placement offering of $1.5 billion in Facebook shares to the private clientele of Goldman Sachs, Goldman Sachs ultimately limited the offering to non-U.S. investors due to the media frenzy surrounding the deal. Because Regul...

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