Goldman Sachs CEO David Solomon expressed optimism about a resurgence in the IPO market, stating it's about to pick up after a prolonged period of inactivity. Solomon cited reasons for business optimism tied to the incoming Trump administration, while acknowledging existing uncertainties and risks. He noted that the capital markets are showing signs of life ahead of Trump's inauguration and that there's a notable backlog from sponsors eager for dealmaking.
Goldman Sachs CEO David Solomon told Cisco CEO Chuck Robbins in an on-stage event on Wednesday that the multi-year IPO drought should be coming to an end.
"It's going to pick up," Solomon said, noting that the IPO market has"been slow, it's been turned off." Solomon said there are reasons for business optimism with the incoming Trump administration, but there are also a lot of unknowns that create risk.CEO Chuck Robbins at a summit hosted by the computer networking company in Silicon Valley."It's been slow, it's been turned off."that blew past analysts' estimates, said the capital markets broadly are showing signs of life ahead of President-elect Donald Trump's inauguration next week.
While the stock market has had a strong two-year run and the S&P 500 and Nasdaq hit fresh records last month, IPOs have yet to see a resurgence. Cloud software vendor"The values came down after 2021, people are growing back into those values," Solomon said at the Cisco summit.due to a review by the Treasury Department's Committee on Foreign Investment in the U.S., or CFIUS.
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