This is not a correct understanding of "market cap". Goldman's market cap includ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

simon_ on Jan 4, 2011 | parent | context | favorite | on: Why I'm not buying Facebook

This is not a correct understanding of "market cap". Goldman's market cap includes the value of ALL shares, not just the shares available for public trading.

portman on Jan 4, 2011 [–]

You're right; I thought they had created a new entity when they went public, and retained the partnership as the parent of the C-Corp.

But you're correct, there's only one entity, and the 511M shares represent both stockholders and (former) partners.

http://www.businessweek.com/1999/99_20/b3629102.htm

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact