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To: goldsnow who wrote (33036)5/2/1999 7:06:00 PM
From: John Hunt  Respond to of 116759
 
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. >>

biz.yahoo.com

Another news item on the GS IPO.