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Goldman nails investors on behalf of PE clients, Metals USA IPO is an example

|Includes:CAS, GS, RS, Reliance Steel & Aluminum Co. (RS), ZEUS

Metals USA's PO is a clear example of Goldman putting PE relationships ahead of investors.  PE firms have a lot of companies preparing to IPO -- a cash register for Goldman. 

So anytime Goldman does an IPO for a PE firm investors should be wary, especially of Goldman's 'pre-IPO' buzz.

see IPOreport updated with MUSA's IPO price

Disclosure: none

Stocks: RS, RS, CAS, ZEUS, GS