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Goldman to Buy GreenSky for $2.24 Billion for Payment Plans

  • Fintech is being purchased for about half its IPO price
  • Purchase adds to Goldman’s Marcus consumer offerings
    
Photographer: Daniel Acker/Bloomberg
Updated on

Goldman Sachs Group Inc. agreed to buy GreenSky Inc. for about $2.24 billion, adding to its Marcus consumer-banking platform a company that offers payment plans to customers with home-improvement projects or health-care needs.

The New York-based bank will pay 0.03 share of its common stock for each share of GreenSky, which works out to about $12.11 a share, according to a statement Wednesday. When Atlanta-based GreenSky went public in 2018, Goldman was one of the lead underwriters on its initial offering at $23 a share. Now Goldman is purchasing the company today at about half that price.