Goldman Sachs Leads $12B Clear Street IPO; Holds 11.6% in DJIA ETF
Goldman Sachs represents 2.91% of assets in Fundstrat’s Granny Shots US Large Cap ETF, ranking as its eighth-largest holding, and comprises 11.60% of the SPDR Dow Jones Industrial Average ETF, making it the largest component. The firm is leading Clear Street’s IPO targeting $12 billion, which has drawn pushback from certain investors over valuation terms.
1. GS ETF Positions
Goldman Sachs is the eighth-largest position in Fundstrat’s Granny Shots US Large Cap ETF at 2.91% of total assets and the largest holding in the SPDR Dow Jones Industrial Average ETF at 11.60% of assets. These weightings underscore institutional demand for GS shares across thematic and broad-market strategies.
2. Clear Street IPO Advisory
Goldman Sachs is advising on Clear Street’s proposed $12 billion IPO and will earn underwriting and advisory fees upon completion. Some investors have raised concerns over the offering’s valuation and deal structure, signaling potential adjustments before final pricing.