David Solomon
π€ SpeakerAppearances Over Time
Podcast Appearances
The firm ran this over the last five months.
This was Goldman Sachs' deal.
And the team, led by Yasmin Kupal and Kim Posnett and David Ludwig,
as our equity capital markets business, did an extraordinary job.
This is one of the largest, if not the largest, secondary follow-on equity offering ever.
And we're ultimately, if the green shoe is exercised, we're going to raise 85 to 90.
We upsized it.
And the green shoe, my guess is, given the way the stock's trading, will probably be exercised in the coming days.
And so they raised $90 billion.
And so it's really extraordinary.
And by the way, I think one of the interesting things to think about, this is the first concrete, tangible data point
on investor demand at this scale.
And we have some other things coming up at this kind of scale.
And so this is a very important tangible investor data point.
And I think one of the things that's very helpful to the firm is sitting in the middle of this.
We got a lot of information on how investors are thinking about all this and the others that I think is super, super interesting for us.
But it's unprecedented in its scale.
And it's reflective of the fact that
We now have some of the largest companies in the world that have capital plans over the next five years that are very, very significant.
And they can fund a lot of it with debt.