T. Rowe rises after Goldman to invest up to $1 billion in asset manager

T. Rowe Price

04/09/2025 13:42

** Shares of asset manager T. Rowe Price TROW.O rise 7.7% in premarket trading

** Goldman Sachs GS.N will invest as much as $1 billion in asset manager

** Goldman and T. Rowe are also partnering to offer private market products to retail investors

** U.S. lender aims to own about 3.5% of T. Rowe, which would make it fifth-largest shareholder of asset manager

** As of last close, T. Rowe shares down ~6.8% YTD

 (Reporting by Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com;))