19. On May 7, 1999, the investment banking firm Goldman Sachs converted from a partnership to a...

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19. On May 7, 1999, the investment banking firm Goldman Sachs converted from a partnership to a corporation and completed an IPO in which it sold 51 million shares of common stock.

a. Why do you think Goldman Sachs converted to a corporation?

b. Why was the sale of its common stock referred to as an IPO?

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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Question Posted: Oct 21, 2024 01:00 AM

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19. On May 7, 1999, the investment banking firm Goldman Sachs converted from a partnership to a...

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Foundations Of Global Financial Markets And Institutions

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