Goldman Sachs Increases Ownership of The RealReal
According to a recent Form 13F filing submitted to the SEC, Goldman Sachs Group Inc disclosed a noteworthy and bullish investment in REAL stock. Here’s what you need to know about The RealReal, Inc., as well as Goldman Sachs Group and their long position in shares of REAL stock:
About Goldman Sachs Group Inc.
The Goldman Sachs Group, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company’s Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services. This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities; and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans, and emerging-and growth-market debt, as well as originates structured securities. Its Global Markets segment is involved in client execution activities for cash and derivative instruments; credit and interest rate products; and provision of equity intermediation and equity financing, clearing, settlement, and custody services, as well as mortgages, currencies, commodities, and equities related products. The company’s Asset Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, as well as invests in corporate, real estate, and infrastructure entities. Its Consumer & Wealth Management segment offers wealth advisory and banking services, including financial planning, investment management, deposit taking, and lending; private banking; and unsecured loans, as well as accepts saving and time deposits. The company was founded in 1869 and is headquartered in New York, New York.
About The RealReal, Inc. (REAL)
The RealReal, Inc. operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women’s, men’s, kids’, jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.
Goldman Sachs Group Buys Stock in The RealReal
According to the most recent 13F filed by Goldman Sachs Group, the firm added 234,438 shares of REAL stock to it holdings in the recent quarter. That brings their total long position in The RealReal, Inc. to 3,784,850 shares, representing approximately 3.8595% of the 98,065,801 REAL shares outstanding. Based on the most recent closing price of $1.64 per share of REAL, the entire Goldman Sachs Group position in The RealReal, Inc. is worth roughly $6,207,154.00.
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Goldman Sachs Group. Also be sure to check out more recent 13F filing analysis news here.