Goldman Sachs Group sold $10.5 billion stocks in block-trade spree, Bloomberg reports


Goldman Sachs Group Inc sold shares totaling $10.5 billion during a series of block deals, according to Bloomberg.

That included Goldman Sachs selling $6.6 billion worth of stock before markets opened Friday. Among the companies whose shares were sold were Tencent Music Entertainment, Vipshop and Baidu.

After that, the company also sold $3.9 billion worth of stock. Among the shares sold were Discovery Inc, Farfetch, iQIYI Inc, GSX Techedu Inc, and ViacomCBS Inc.

Most of the equity offerings were managed by Morgan Stanley, according to Bloomberg.

Some of the deals totaled more than $1 billion, according to Bloomberg.


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