Goldman Sachs CEO David Solomon believes the long-standing IPO drought is coming to an end, citing reasons for optimism in the business environment and the incoming Trump administration. While acknowledging risks associated with unknowns, Solomon points to signs of life in capital markets and a resurgence of investor interest in tech valuations.
Goldman Sachs CEO David Solomon expressed optimism on Wednesday that the multi-year initial public offering ( IPO ) drought is nearing its end. During an on-stage event with Cisco CEO Chuck Robbins, Solomon stated that the IPO market, which he characterized as 'slow' and 'turned off,' is poised for a resurgence. He cited reasons for business optimism stemming from the incoming Trump administration, but also acknowledged that a significant number of unknowns present risks.
Solomon's comments came amidst a broader sense that capital markets are showing signs of life ahead of President-elect Donald Trump's inauguration next week. The tech IPO market has largely been dormant since late 2021, when tech stocks fell out of favor due to soaring inflation and rising interest rates. Mergers and acquisitions in the technology sector have also been hindered by stringent regulations that have limited the ability of large companies to expand through deals.While the stock market has experienced a robust two-year run, with the S&P 500 and Nasdaq reaching record highs last month, IPO activity has yet to rebound. Solomon noted that valuations have retreated since 2021, and investors are gradually returning to those values. He also pointed out structural reasons for the decline in public companies, highlighting the increased costs and scrutiny associated with going public, coupled with the abundance of private capital available
IPO Goldman Sachs David Solomon Tech Market Donald Trump
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs CEO Says Business Confidence Boosted by Trump's Return to White HouseGoldman Sachs CEO David Solomon stated that CEO confidence has significantly increased following the U.S. election results, anticipating a more business-friendly environment under President Trump. Solomon highlighted a surge in dealmaking appetite and a positive regulatory outlook. This sentiment aligns with survey data suggesting renewed optimism among business leaders.
Read more »
Goldman Sachs double upgrades SolarEdge, says 2025 will mark a major turnaroundSolarEdge Technologies is in the early stages of making a strong recovery, according to Goldman Sachs.
Read more »
Cramer Sells Morgan Stanley, Buys Goldman Sachs After Market OversoldJim Cramer's Charitable Trust is shifting its financial positions, selling half its Morgan Stanley shares to invest in Goldman Sachs. The move comes after a Fed-driven selloff pushed the market into oversold territory, prompting Cramer to look for buying opportunities.
Read more »
Dow Jones Rises After Ten-Day Losing Streak as JPMorgan and Goldman Sachs Lead GainsThe Dow Jones Industrial Average (DJIA) snapped a ten-day losing streak, gaining a mere 0.04% on Thursday. JPMorgan and Goldman Sachs, two of the DJIA's financial institutions, helped propel the index upward, despite overall market uncertainty stemming from the Federal Reserve's revised outlook on interest rate cuts.
Read more »
4 IT and networking stocks to consider for 2025: Goldman Sachs4 IT and networking stocks to consider for 2025: Goldman Sachs
Read more »
Goldman Sachs revises Fed, GDP, and inflation forecasts amid global economic shiftGoldman Sachs revises Fed, GDP, and inflation forecasts amid global economic shift
Read more »