The company invests in and arranges financing for startups, and in many cases gets additional business when the companies launch initial public offerings. Notable initial public offerings for which Goldman Sachs was the lead bookrunner include those of Twitter, Bumble, Robinhood Markets. Startups in which the company or its funds have invested include Spotify, Foodpanda, and Dropbox, among others.
The company’s milestones:
1869 – Goldman Sachs was founded in New York City by Marcus Goldman.
1885 – Goldman took his son Henry and his son-in-law Ludwig Dreyfuss into the business and the firm adopted its present name, Goldman Sachs & Co.
1906 – Goldman entered the initial public offering market when it took Sears, Roebuck and Company public.
On December 4, 1928 – The firm launched the Goldman Sachs Trading Corp, a closed-end fund.
The firm’s underwriting activities expanded quickly to include such early clients as F. W. Woolworth (1912), Merck (1919) and General Foods (1922).
In the 1950s – Goldman Sachs formed the New Business Department to market the services of its corporate finance specialists and to assure the continuity of client relationships.
From the late 1950s to the early 1960s – Goldman Sachs employed more than 500 people to serve its clients. The firm, now a leader in private finance, was building a similar position in municipal finance.
1969 – The Real Estate Department was created, setting the stage for the firm’s leadership in the sales and financing of major commercial properties.
1970 – The firm opened its first overseas office in London, followed by offices in Tokyo and Zurich in 1974.
1985 – Goldman Sachs introduces the first-ever computerized commercial paper dealer system, replacing the telephone and increasing the speed and accuracy of commercial paper transactions.
In the 1980s and early 1990s – The firm also increased its commitment to complementary businesses, creating Goldman Sachs Asset Management (GSAM) in 1988 and the Principal Investment Area in 1991, and reorganizing the Equities Division in 1990 to strengthen the firm’s global equity services.
1991 – Goldman Sachs became the first international securities company permitted to open a banking subsidiary in Japan.
2004 – The firm entered into a landmark public-private partnership with the Wildlife Conservation Society to establish the Karukinka Natural Park on the island of Tierra del Fuego, Chile.
On November 29, 2005 – Goldman Sachs breaks ground for its new, state-of-the-art headquarters at 200 West Street, Lower Manhattan
2008 – Goldman Sachs launches 10,000 Women, a program dedicated to providing women in underserved communities around the world with a business and management education.
2014 – The Goldman Sachs Foundation and the International Finance Corporation create the Women Entrepreneurs Opportunity Facility to provide much-needed financing to female entrepreneurs around the globe.
2016 – Goldman Sachs launches Marcus by Goldman Sachs, an online platform offering personal loans and savings accounts to retail clients.
In March 2019 – Apple, Inc. announced that it would partner with Goldman Sachs to launch the Apple Card, the bank’s first credit card offering.
In June 2022 – Goldman Sachs offered its first ever derivatives product linked to Ether (ETH). Goldman Sachs was announced as an official partner of McLaren.
According to goldmansachs.com; en.wikipedia.org.