Goldman, Sachs partners vote to take firm public
Article Abstract:
Private investment bank, Goldman, Sachs, will go public this coming fall. The firm now will probably be able to recruit the talent they want with stocks in the offering. It is expected the firm will raise about $3 billion in the offering to the public. Some see this as Goldman, Sach's show of faith in the strength of the stock market through fall. Partners insist this will not deter them from providing their premium services to blue chip clients and governments as always.
Comment:
Partners made it official, voting to take the company public, due to happen in October
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Goldman partners meet on firm's future
Article Abstract:
Goldman, Sachs & Company partners met on June 12, 1998 in New York in order to discuss a plan to turn the firm into a public company. Goldman, Sachs is one of the last remaining private partnerships on Wall Street. The firm's 190 partners are considering the possibility of publicly selling stock. In recent years, the partners have discussed the same issue only to keep the shares private. Some of the partners have said that they oppose any public sale for the time being.
Comment:
Partners met on June 12, 1998 in New York in order to discuss a plan to turn the firm into a public company
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Goldman plan to sell stock is canceled
Article Abstract:
Goldman, Sachs & Company's leading partners said that the company was shelving its planned public registration. From June 1998 to September, Goldman's has seen a reversal in its quarterly profits. In addition, the company's rivals have experienced falls in their stock prices while stock and bond markets have struggled. However, Goldman is not permanently shelving plans to offer public shares. It is planning to eventually become public.
Comment:
Leading partners say company is shelving planned public offering
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Comment about this article or add new information about this topic:
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