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Gold/Mining/Energy : TD - Toronto Dominion Bank -- Ignore unavailable to you. Want to Upgrade?


To: Lloyd R who wrote (194)5/4/1999 4:37:00 PM
From: Elroy  Read Replies (1) | Respond to of 358
 
smartmoney.com

Goldman Sachs' 130 years as a private partnership have finally come to an end. The IPO of the last private major investment bank opened at 76, a 43% gain from its $53 offering price. The company offered 69 million shares, which represent a 14.5% stake in the company. Goldman's $3.7 billion IPO is second only to Conoco's (COC) $4 billion offering last autumn.

In the midst of the Goldman IPO frenzy, investors are guessing which companies the elite investment bank could try to acquire with its new-found capital. Online brokerages such as E*Trade Group (EGRP), Ameritrade (AMTD) and Waterhouse Securities -- a division of Toronto-Dominion Bank (TD) that filed for its own IPO on Friday -- are among the names mentioned.