I know that this company isn't public, but I felt like starting a thread for it in case it does. I'm actually surprised that there wasn't a thread for it already...
Rumors are swirling over the possibility that this fine institution is going to go public, but those rumors have been around for years. Now there are stories of a possible IPO in the third quarter, which IMO would be one of the hottest IPOs ever.
Goldman remains steadfast in its belief that it can survive without yielding to the merger-mania. To quote today's WSJ, (Citicorp-Travelers Pact Shakes Up Wall Street - C1) "...Goldman, too, seeks to gather assets, but has no pipeline to the masses and doesn't have a highflying stock to use as currency for a big acquisition. In a statement yesterday, Goldman said it remained confident 'that we have the people and resources to continue to succeed in a future marked by consolidation.'"
However, with this consolidation trend in the financial services industry, it seems that at some point even the allmighty Goldman will have no choice but to merge with, or to be acquired by, some financial juggernaut.
I highly doubt that Goldman will be bought out or merged without its doing an IPO. The rumors are that the firm will only talk to possible suitors if there were an offer of $10 billion on the table, quite a large sum of money even for the financial behemoths. Obviously Goldman's confidence is well justified, it is the best, but how long can even a company as good as Goldman survive on its own?
My bet is on a Goldman IPO, and I will do my damnest to be in on it.
geoff |
