Truth on the Market

Academic commentary on law, business, economics and more

«
»

The Facebook deal moves offshore

Posted by Larry Ribstein on January 17, 2011

A couple of weeks ago I noted regarding the “Sachsbook” deal:

So it seems the increased costs of being public have helped exclude ordinary people from the ability to own the stars of the future.  Back in the 1980s, you could just call your broker and get rich off of the Microsoft IPO.  Now you have to be a wealthy Goldman client to do it. 

I guess I was a bit optimistic.  Now you have to be a foreign investor to invest in Facebook. 

I love it:  the US securities laws excluding US investors from investing in a US company in the US. What will they think of next?

This entry was posted on January 17, 2011 at 10:28 am and is filed under disclosure regulation, securities regulation. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “The Facebook deal moves offshore”

  1. Jonathan Macey for SEC Commissioner « Truth on the Market said

    January 20, 2011 at 10:01 am

    [...] Links on Coase on the Role of the Journal of Law & EconomicsThe Facebook deal moves offshore « Truth on the Market on What happened to IPOs?Lawsuit loans « Truth on the Market on Law’s [...]

Sorry, the comment form is closed at this time.

«
»
 
Follow

Get every new post delivered to your Inbox.

Join 1,031 other followers