Seven months after a false start, the management committee at Goldman, Sachs & Co. has agreed to let its partners vote Monday on whether to make an initial public offering.
If they approve it, Goldman will file registration papers next week with the Securities and Exchange Commission. The offering, expected to represent a 10% to 15% stake, would probably come in the early summer, the firm said Wednesday.
Jon S. Corzine and Henry M. Paulson Jr., co-chairmen of the firm, said the money from the IPO could be used to "finance strategic acquisitions."
In June the partners, who totaled 190 at the time, voted to take the firm public in an offering they hoped would value it at $25 billion to $30 billion. A registration statement was filed that month but withdrawn in July after financial markets plummeted.