How Macquarie Tried To Buy The Facebook IPO For $350 Million

Sheryl Sandberg

Photo: Jurvetson

A good source tells us second-tier investment bank Macquarie wanted to buy a big stake in Facebook, but backed off after it wasn’t allowed to see the financials:Macquarie was interested in buying 10 million shares [~$350 million stake at an ~$80 billion valuation] but their board wanted to see FB’s financials which as you know, that’s not going to happen right now so they backed off…I’m not sure if they will come back, maybe or maybe not….they loaned money to FB in the past which was paid back and their angle this time around was to somehow get into play for a spot on the future underwriting opportunities (i.e. IPO).

Macquarie declined to comment on this story.

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