Nothing to be unexpected in that statement. Don’t you agree?
Facebook might be breaching a critical 500-shareholder limit this year, after which it will have to disclose financial information or stage IPO by April 2012, according to a new 100-page private-placement memo distributed to potential investors.
As usual Facebook spokesman as well as Goldman Sachs declined to comment.
“A number of companies, including Google and Apple, became reporting companies well ahead of doing an IPO,” Mr. Coffee said.