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Non-Tech : Goldman Sachs Group Inc. NYSE:GS -- Ignore unavailable to you. Want to Upgrade?


To: johnny grosso who wrote (29)5/3/1999 10:16:00 AM
From: Mohan Marette  Respond to of 411
 
All eyes on Goldman Sachs.

Johnny:
This ought to be interesting to watch.GS should be pricing tonight to trade tomorrow.
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'......The firm also will sell an additional 9 million shares because investors have put in orders for 10 times more shares than are available, industry sources said. Goldman's underwriters over the weekend determined who gets the shares — mostly money managers and Goldman clients — and Monday night will set a final price for them......

..' Small investors and big money managers alike are scrambling to lay their hands on the shares at the offering price, but many are likely to be frustrated.

"I have heard the institutional guys are not getting shares to the extent that they want, which makes it unlikely we we'll get anything (for our clients)," said one executive at a brokerage that caters to small investors. "If the institutional guys are upset, the retail guys are even more so."..

foxmarketwire.com