银行家 在承做SpaceX于6月举行的轰动上市时赚取了巨额费用，但与此次上市相关的一笔更大收益，多年前就已埋下伏笔。
Sachs Group Inc. bankers reaped massive fees when they handled SpaceX’s blockbuster public offering in June, but the seeds of an even bigger windfall tied to the listing had been planted years earlier. The bank had helped to arrange wealthy clients’ bets on Elon Musk’s company more than five years ago, when SpaceX was worth tens of billions of dollars.
五年多前，SpaceX估值仍只有数百亿美元时，该行曾帮助富裕客户投资埃隆·马斯克的公司。如今这家航空航天企业以1.77万亿美元估值上市，高盛客户中减持股份的人获得了巨额收益，并向该行支付了数亿美元的激励费。据知情人士透露，该行合伙人可以与客户一同投资，因此一些现任和前任高管也可能获得了可观收益。这些人士因涉及非公开信息而要求匿名。该行发言人拒绝置评。
When the aerospace firm went public at a $1.77 trillion valuation, Goldman clients who sold shares received a vast windfall and delivered hundreds of millions of dollars in incentive fees to the bank, according to people familiar with the matter. Its partners were able to invest alongside clients, meaning some current and former top executives may have realized significant gains, too, the people said, asking not to be identified citing private information. A spokesperson for the bank declined to comment. Goldman’s $4 trillion asset- and wealth-management arm is in an enviable position, securing rare access for its clients to investments in companies before they’re public. The best bets, which can often be high risk, show the potential upside of early investing before a firm opens itself to public markets.
高盛旗下资产与财富管理业务规模达4万亿美元，在为客户提供企业上市前投资机会方面占据令人羡慕金融行业高管决定利用此前未计入财务预估的激励费用所带来的意外收入，提前拨出部分资金用于高盛的慈善事业，因为这样做在税务方面效率更高。知情人士表示，因涉及非公开信息，他们不予透露姓名。
The unit’s business handling alternative investments for wealthy individuals, now led by Kristin Olson, also helped clients take part in earlier investment rounds for payments giant Stripe and design software firm Canva, companies often seen as potential IPO candidates. Goldman’s bankers — in a separate division of the firm — were paid about $100 million as lead advisers on SpaceX’s listing. The bank went to lengths to gin up fervor around it, including erecting models of rockets in the lobby of its New York headquarters. On the day, its bankers wore SpaceX-branded green Nike Inc. shoes, reflecting the so-called “greenshoe” clause allowing underwriters to sell additional shares if demand was high.
今年早些时候生效的一项税收调整政策降低了此类 deductible charitable donations 的扣除门槛，鼓励企业加快慈善捐赠。只有超过该门槛的捐款才能享受税收减免。
Finance executives have decided to use the windfall from the incentive fees, which wasn’t included in financial estimates, to bring forward some of its charitable giving for Goldman’s philanthropy efforts because it was more efficient from a tax perspective, said the people, who asked not to be named discussing private information.
上个月，首席执行官戴维·所罗门曾暗示该行将采取相关行动。在一次会议上，他向投资者提到，该行收益中可能出现一些不同寻常的项目。其中一项尤为引人注目：该行正以“非常、非常符合税收效率”的方式，提前拨出数年的慈善捐赠资金。
A tax change went into effect earlier this year that incentivized companies to accelerate their charitable giving by introducing a new floor for such deductions. Only contributions that exceed that threshold are eligible for tax relief. Last month, Chief Executive Officer David Solomon hinted at his bank’s move. At a conference, he told investors about some unique items that might appear in the bank’s earnings. One stood out: The bank was pulling forward in a “very, very tax-efficient way” years worth of charitable giving.
他警告称，此举以及技术投资等领域的支出增加，将推高该行的非薪酬费用；该行将于10月13日公布第三季度业绩。
He warned that the move, along with higher spend in areas such as technology investments, would lift the firm’s non-compensation expenses when it releases numbers in its third-quarter results on Oct. 13.