Equity Capital Markets

Our core products and expertise include:

Equity and Equity-Linked
Goldman Sachs consistently ranks among the worldwide leaders in the public equity capital markets, where we structure and execute complex equity and equity-linked offerings undertaken by clients to finance their businesses, key acquisitions and other important strategic initiatives. These transactions include initial public offerings (IPOs) of common stock, subsidiary IPOs, spin-offs/split-offs, follow-on offerings, monetizations for large holders, block trades and offerings of convertible securities.

Equity Derivatives
Goldman Sachs is also a key player in the marketplace for derivative securities, including structured share repurchases, crossholding hedging and complex primary issuance transactions customized to meet specific client needs. Our success in these businesses is a testament to the close coordination between our advisory business, with strong corporate relationships, and our equity traders’ risk-taking capabilities.

Private Placements
In recent years, a robust market has developed for private equity offerings undertaken to benefit i) private companies who wish to raise capital while remaining private, ii) early stage companies who wish to raise growth capital but are not yet ready to be public entities and iii) public companies who wish to issue private securities. Examples of the types of private placements that companies can issue include growth capital, pre-IPO convertibles, private investments in public equity (PIPES), mezzanine debt and equity, and equity offerings completed as a private placement under Rule 144A.

Goldman Sachs is a market leader in private placements and consistently offers issuers and investors innovative products and solutions. One of our most significant developments in the past year has been the introduction of the Goldman Sachs Tradable Unregistered Equity (GSTrUE) trading platform that permits our clients to issue and have an active trading market in unregistered securities.