WALL STREET'S NET GAINS: GOLDMAN LEADS IN IPOS; BIG-NAME CLIENTS HELP NY BANKERS.

Crain's New York Business, April, 1999 by Birger, Jon

In early 1996, Goldman Sachs & Co. investment bankers convened a meeting to discuss the business potential of the Internet. Members of Goldman's technology banking group led a brief electronic tour of the Web and then engaged their colleagues in a dialogue about e-commerce and the market for Internet initial public offerings.

Three years later, Goldman's early brainstorming about the Web has paid off handsomely. The Wall Street powerhouse is emerging as the dominant dealmaker in the stock market's hottest sector. Since January 1996, the firm has underwritten 11 Internet IPOs worth $986 million, according to Securities Data Co. That's more than double the amount raised by Hambrecht & Quist, the San Francisco firm that is Goldman's closest competitor....

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