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client accomplishments

Judgment

Goldman Sachs Special
   Opportunities (Asia) Fund
Telstra Corporation Limited
Repsol YPF
Central States Southeast and
    Southwest Areas Pension Fund
Duke-Weeks Realty Corporation
Kookmin Bank

Teamwork

Lincoln Financial Group UK
EOG Resources, Inc.
Juniper Networks, Inc.
China Telecom (Hong Kong) Ltd.
Vivendi S.A.
Sumitomo Bank, Limited
The Allstate Corporation

Innovation

Global Crossing Ltd.
Swiss Reinsurance Company
Goldman Sachs Funds
AstraZeneca PLC
Lucent Technologies Inc.
Extendible Commercial Notes
   (ECNs)
Red Hat, Inc.



Nippon Telegraph & Telephone
   Corporation (NTT)
The Republic of Argentina
United Pan-Europe
   Communications N.V. (UPC)
Vodafone AirTouch PLC
Charter Communications, Inc.
Exchange Fund Investment, Ltd
Internet Initiative Japan Inc. (IIJ)

Red Hat, Inc.


Matthew J. Szulik, Chief Executive Officer and President:

"Goldman Sachs’ research was spot on about Red Hat. The firm came to us with a keen understanding that we are not a traditional software business but a leader in creating Internet infrastructure for the 21st century. It also understood that our brand is our predominant asset and an IPO was an opportunity to reinforce our brand. The firm’s passionate belief that we would succeed as the first "open source" software company to go public was the foundation for a trusting relationship. A central challenge was to educate the investment community about how a company that freely distributes its primary product—the Red Hat Linux server operating system—on the Internet has excellent long-term growth prospects. Working as a closely synchronized team, we were able to complete one of the most successful IPOs ever within a very tight time frame in a difficult market for Internet-related offerings. Our relationship has provided another very important benefit: From top to bottom, we found the people of Goldman Sachs to be as professional, responsible and respectful as can be imagined. They are always in a service mode. We view the quality of Goldman Sachs people and the way they work as benchmarks for developing our own workforce as we grow globally."

  • Goldman Sachs served as lead manager for Red Hat’s $96.6 million IPO.
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