initial public offerings (IPOs) trading on American exchanges

Tuesday, March 17, 2015

Goldman Sachs BDC (GSBD) is set to make its IPO on 18 March 2015

Goldman Sachs Group Inc. priced six million shares of its specialty lending arm late Tuesday at $20 apiece, the low end of its $20-$21 targeted range, raising $120 million, a person familiar with the matter said.

The shares, which priced at the low end of the bank’s $20-$21 targeted range, are set to begin trading Wednesday on the New York Stock Exchange under ticker symbol “GSBD,” with Goldman GS,  set to ring the NYSE opening bell.

The lending unit, called Goldman Sachs BDC Inc. (GSBD) is a tax advantaged company regulated as a so-called “business development company,” which the New York firm introduced two years ago in a bid to originate high-yielding loans.

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