Goldman Sachs Acquires Options-Based ETF Provider NEOS for Up to $2.25B

Goldman Sachs has announced its plan to acquire NEOS Investments, an options-based exchange-traded funds provider, for up to $2.25 billion in cash and equity.

The transaction consideration is subject to certain conditions and the deal's closing is expected to be completed by Goldman Sachs.

Founded in 2004, NEOS provides exchange-traded products that allow investors to gain exposure to various asset classes through options-based strategies.

Goldman Sachs' acquisition of NEOS marks a significant move for the investment bank as it expands its offerings in the ETF space.