as GS goes public...

[Doug Henwood]

As Goldman, Sachs goes public, a memory from the past, quoted by John
Kenneth Galbraith in his article on the 1929 crash in the October 1954
Harper's:

Senator Couzens: Did Goldman, Sachs, & Co. organize the Goldman Sachs
Trading Corporation?
Mr. Sachs: Yes, sir.
Senator Couzens: And it sold its, stock to the public?
Mr. Sachs: A portion of it. The firm invested originally in 10 per cent of
the  issue.
Senator Couzens: And the other 90 per cent was sold to the public?
Mr. Sachs: Yes, sir.
Senator Couzens: At what price?
Mr. Sachs: At 104...the stock was [later] split two for one.
Senator Couzens: And what is the price of the stock now?
Mr. Sachs: Approximately 1 3/4.

-Hearings before Senate Committee on Banking and Currency on Stock Exchange
Practices. May 20, 1932.