Short Take: Goldman Sachs may delay IPO

Goldman Sachs may postpone its initial public stock offering because of turmoil in financial markets around the world, according to the Associated Press. The investment bank's partners are expected to meet today to formally decide whether to delay plans to sell to the public a 10 percent to 15 percent stake in the brokerage, which would value the company at about $30 billion.

Jan. 2, 2002 4:43 p.m. PT

may postpone its initial public stock offering because of turmoil in financial markets around the world, according to the Associated Press. The investment bank's partners are expected to meet today to formally decide whether to delay plans to sell to the public a 10 percent to 15 percent stake in the brokerage, which would value the company at about $30 billion.