Goldman Sacha Co

A majority of partners at Wall Street powerhouse Goldman, Sachs & Co. has endorsed a proposal to sell shares of the firm to the public, sources said. The decision virtually assures that Wall Street's last major private firm will hold what could be one of the largest stock offerings in U.S. history this year. A stock offering would allow the company to bolster its capital base and better compete in the global financial-services industry.

A majority of partners at Wall Street powerhouse Goldman, Sachs & Co. has endorsed a proposal to sell shares of the firm to the public, sources said. The decision virtually assures that Wall Street's last major private firm will hold what could be one of the largest stock offerings in U.S. history this year. A stock offering would allow the company to bolster its capital base and better compete in the global financial-services industry.