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Goldman model throws light on IPO research

The relationship between equity research analysts and initial public offerings has often been an uneasy one

Goldman Sachs often takes an atypical approach to investment banking, not least when it comes to initial public offerings in Europe.

Financial News reported on Monday how the bank employs a roving IPO analyst at its London office to help coordinate research on each deal the bank handles, in a model unique to the Wall Street firm. Thanks to a significant pickup in the number of new company issues in the second half of last year, Charlie Burrows might now well be the busiest man at Goldman Sachs.

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