Goldman Sachs Group Inc. NYSE:GS Message Board

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Non-Tech : Goldman Sachs Group Inc. NYSE:GS

GS 849.51

+1.4%

11:14 AM EST

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To: esecurities(tm) who wrote (17)	5/2/1999 8:09:00 PM
From: esecurities(tm)	Read Replies (2) of 411

"Investors scramble to buy into Goldman offering" NEW YORK, May 2 (Reuters) - Small investors and big money managers alike are scrambling to lay their hands on shares of Goldman Sachs Group Inc. (GS - news), the investment bank that will go public on Tuesday. Investors have put in orders for around 600 million shares, or ten times as many as Goldman is offering, industry sources told Reuters on Friday. The firm will allocate most shares to financial institutions and its clients, leaving small investors and even some big money managers -- who usually receive the brunt of new stock offerings -- in the cold. ''If the institutional guys are upset, the retail guys are even more so,'' said one executive at a brokerage that caters to small investors. ''I have heard that institutional guys are not getting shares to the extent that they want, which makes it unlikely we we'll get anything (for our clients)..." SOURCE: &copy 1999 Sunday May 2, 2:45 pm Eastern Time (Reuters) biz.yahoo.com

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