- Start
- May 4, 199990% CONFIDENCEfrom the source
Goldman Sachs Goes Public, Raising US$3.66 Billion in Its IPO
- Goldman Sachs' IPO on 4 May 1999 involved 69 million shares, a stake of 15%, and raised US$3.657 billion, one of the largest financial-services IPOs in US history at the time[1]
- The shares were offered at US$53 and rose 33% to close at US$70.375 on the first day[1]
- The partners had voted in 1998 to go public; the prospectus cited permanent capital, broad employee ownership and publicly traded stock for acquisitions as the reasons[1]
- The firm had been a partnership for most of its history, and earlier proposals to float in the late 1960s, 1971 and 1986 had been rejected[1]
- After the IPO, Henry Paulson became chairman and CEO, succeeding Jon Corzine, and the firm trades on the NYSE as GS[1][2]
References 487% CONFIDENCEOverall confidence: 87%How well the pin's source and references back up its dates.Weighted average of how firmly 4 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%goldmansachs.com/our-firm/history/moments/1999-ipogoldmansachs.com· Posted Oct 4, 2026· Starts May 4, 1999 ✓· 50% of score
Goldman Sachs's history page states "Goldman Sachs' IPO on May 4, 1999, involved 69 million shares ... raised US$3.657 billion"; Wikipedia[2] cites the New York Post of 4 May 1999 ("debuts today").
- [2]85%Goldman Sachs - Wikipediaen.wikipedia.org· Added Oct 4, 2026· 50% of score
History section: IPO in May 1999, priced at US$53, Paulson succeeded Corzine.[1]
- [3]80%Goldman Sachs IPO Raises $3.66 Billion - The Washington Postwashingtonpost.com· Published May 4, 1999· 0% of score
Contemporary report (found via search; page returned nothing to curl).[1]
- [4]80%Goldman Sachs Group Form 424B3 prospectus, 1999 - SECsec.gov· Published May 3, 1999· 0% of score
Final IPO prospectus (found via search; not opened).[1]
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