It's only a bronze medal for Goldman Sachs (GS) after Morgan Stanley and JPMorgan take the top...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

It's only a bronze medal for Goldman Sachs (GS) after Morgan Stanley and JPMorgan take the top two underwriter positions for the Facebook IPO. The NY Times reports that the Facebook-Goldman relationship soured after the investment firm allegedly botched a private placement of shares. Though the 3rd-place role could be a blow to Goldman's ego, partners stand to profit from their $450M stake in Facebook at a $50B market cap valuation.