Goldman Sachs quits Thomas Weisel offering
Thomas Weisel Partners was hoping to follow in he footsteps of Lazard and Greenhill & Co. by going public. Things looked good when Goldman Sachs was named as a lead underwriter, but Goldman has abruptly pulled out. The only reason floated so far is a disagreement about the timing. It seems there is a lot more to this than just that. The fate of the offering remains unclear. Keefe, Bruyette & Woods was the other underwriter.
> Here's an article from the New York Times.
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