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The company made a name for itself innovating the use of commercial paper for entrepreneurs and was invited to join the New York Stock Exchange (NYSE) in 1896. Shortly after joining the New York Stock Exchange Goldman's son-in-law Samuel Sachs joined the firm which prompted the name change to Goldman Sachs.
“Goldman Sachs played a huge part in establishing the Initial Public Offering market. It managed one of the largest IPO's to date, Sears, Roebuck and Company in 1906.” In 1930, under the leadership of Sidney Weinberg, the new Senior Partner he shifted Goldman's focus away from Trading and towards Investment Banking and Investment Research...
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