The upcoming spate of tech IPOs could help kickstart muted capital markets, according to Goldman Sachs CEO David Solomon in an interview with CNBC’s David Faber.
Solomon mentioned that companies like chip designer Arm and Instacart have filed to go public, and other potential listings will closely observe the performance of these IPOs. He stated, “Over the course of the next few months, especially if Arm and some of these other IPOs go well, I think you’re going to see a meaningful increase in activity.”
A rebound in IPOs and mergers would be beneficial for Goldman Sachs and the rest of Wall Street, as they have experienced a lack of activity in the past year. Despite achieving record revenue in 2021, Solomon has faced internal dissent and criticism regarding his decisions and leadership style, as highlighted in a series of unflattering articles.
In response to the negative coverage, Solomon repeatedly expressed that he does not identify with the “caricature” depicted in those stories.
“It’s not fun, you know,…
2023-09-07 16:58:07
Source from www.cnbc.com
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