(Dealbook writes) "The company said that it would cross the 499 shareholder limit by the end of the year in the offering memorandum sent to Goldman clients who are being given an opportunity to buy Facebook shares.
The document also gave a snapshot of Facebook’s financial performance. The company, based in Palo Alto, Calif., earned $355 million on $1.2 billion in revenue during the first nine months of 2010.
On Sunday, The New York Times DealBook reported that Goldman Sachs had invested $450 million in Facebook in a deal that valued the company at $50 billion. The report said that the firm was also raising about $1.5 billion from its wealthy clients through a special-purpose vehicle that would invest alongside the firm in the company.
Goldman’s clients have flooded the firm with orders, making the deal heavily oversubscribed, people involved in the process said. In the middle of the fund-raising, the S.E.C. questioned Goldman."
Lets see this happen.. will be interesting..