4min chapter

The Compound and Friends cover image

What's Really Going On At Goldman Sachs?

The Compound and Friends

CHAPTER

The IPO Pipeline Is Filling Again

The IPO pipeline is actually filling again because the market has been unexpected little there here in the last few months. Goldman bought United Capital, which is one of the largest RIA's in America and they had to integrate it during the pandemic. They're also trying to get into custody now, which is not a Goldman-y kind of business. It's very nuts and bolts, very mechanical, low margin, no glamour.

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