The upcoming flurry of tech IPOs is possibly going to get the muted capital markets their much-needed kickstart – as claimed by David M. Solomon, the CEO of Goldman Sachs.
The firms including Instacart and Arm chip designer have already filed to go public. The companies who are contemplating the listings will have to now watch the Initial Public Offerings (IPOs) go.
David M. Solomon said:
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 like this of the IPOs is most welcome by Wall Street and Goldman as well, as they have dealt with the brunt of a wide range of activities over the past year.
After facing a fall in revenue over the course of the past year, Solomon had to put up with the criticism and internal disagreements over his leadership style and decisions – published in a series of articles against him. He had repeatedly spoken against the negative portrayal of him saying he doesn’t recognize this “caricature” that has been portrayed of him.
Trendy News:
FTSE Takes Back Its Decision Of Removing Jio Financial From The Global Indices
~News Source: http://rb.gy/xlgku
~Image Source: http://rb.gy/06941
About The Author
