T. Rowe Price Stock Jumps on Goldman Sachs Collaboration
Key Takeaways
- T. Rowe Price and Goldman Sachs will collaborate on offering public-private investment solutions for clients.
- Goldman Sachs will purchase up to $1 billion in T. Rowe Price stock as part of the deal.
- The firms plan to launch their products in mid-2026.
T. Rowe Price (TROW) shares surged nearly 6% Thursday as the investment manager teamed up with financial giant Goldman Sachs (GS) to offer clients public-private investment solutions.
The firms said the collaboration would focus on “providing a range of wealth and retirement offerings that incorporate access to private markets for individuals, financial advisors, plan sponsors, and plan participants.”
As part of the arrangement, Goldman Sachs plans to buy as much as…
