Goldman keeps it private even in going public

Article Abstract:

Goldman, Sachs and Company, which decided to go public earlier this year, will begin to issue shares later this year after completing registration with the Securities and Exchange Commission to terminate its 129-year old partnership. The firm, which has divulged little information about its plans to divide its net worth of $28 billion, is planning to raise about $3 billion through the initial public offering. The company has divided its revenue into three categories, investment banking, trading and principal investments, and asset management and securities services.

Comment:

Will begin to issue shares later this year after completing registration with SEC to end its 129-year old partnership

Company Planning/Goals, Securities issued, listed, Article

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Goldman, with new card, plans a summer dance

Article Abstract:

After backing out of an IPO in the Fall of 1998, Goldman, Sachs will venture forth again in the Summer of '99, assuming all 221 partners vote to do so, and the belief is that they will. The company hopes to raise $2.5 billion to $3.5 billion and give employees about 20% ownership.

Comment:

Firm will try for IPO once again

Organizational history, Security brokers and dealers, Finance, Abstract, Securities industry

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