pick category
All documents from essays.org are for research assistance purpose only. Do not present the material as your own work!
bookmark & share the essay...
All /
... speculative excess out of the system without bringing the whole thing down. In that sense, Goldman's new IPO, with its lower valuation and its greater air of caution, suggests that the summer of 1998 was not without its chastening effects. Of course, with the Dow hovering around 10,000 and Net stocks on the fly again, it may be hard to accept that the market is any more thoughtful than it was just before everything fell apart.
Goldman Sachs IPO
The paper summarize the situation around initial public offering of Goldman Sachs equity that end one era in banking industry.
Details
| language |  | english |
| wordcount |  | 1636 (cca 4.5 pages) |
| contextual quality |  | N/A |
| language level |  | N/A |
| price |  | free |
| sources |  | 5 |
Table of contents
none
Preview of the essay: Goldman Sachs IPO
The June 1999 initial public offering of equity by Goldman Sachs marked the end of an era in banking. The first investment banks were based around a small group of individuals, often from the same family. But even as large- scale production drove industrial concerns to the publicly owned, corporate form of organization, investment banks retained the private partnership. Only ...... speculative excess out of the system without bringing the whole thing down. In that sense, Goldman's new IPO, with its lower valuation and its greater air of caution, suggests that the summer of 1998 was not without its chastening effects. Of course, with the Dow hovering around 10,000 and Net stocks on the fly again, it may be hard to accept that the market is any more thoughtful than it was just before everything fell apart.
Essay is in categories
/
Finance
/Banking
//
Finance
/Capital Markets & Exchanges
//
Finance
/Securities
/Comments
none