goldman sachs is one of the banks leading the planned ipo of jj’s consumerhealth business the us initial public offering market’s acute slowdown is creating space for deals commonly known on wall street as corporate carveouts traditional initial public offerings in the us last year raised the smallest amount in at least two decades according to dealogic three of the biggest deals of the year were carveouts—companies spun out from parents using a standard ipo sale rather than the stock distribution that often occurs in what is known as a spinoff