David Solomon, CEO of Goldman Sachs, is hopeful about IPOs

David Solomon, CEO of Goldman Sachs: I definitely have a better feeling about the capital markets

The upcoming spate of tech IPOs could help boost subdued capital markets. Goldman Sachs CEO David Solomon told CNBC’s David Faber.

Companies like chip designer Arm and Instacart have filed to go public, and companies considering going public will be watching how those IPOs go, Solomon said during the interview Thursday.

“Over the next few months, particularly if Arm and some of these other IPOs go well, I think you’re going to see a significant increase in activity,” Solomon said.

A rebound in IPOs and mergers would be welcome for Goldman and the rest of Wall Street, which has struggled with a lack of activity over the past year. After having a record sales year in 2021, Solomon has had to deal with internal disagreements and criticism of his decisions and leadership style in a series of unflattering articles.

Solomon, CEO of Goldman Sachs: I don't recognize this caricature that was drawn by me

Solomon addressed the negative media coverage, repeatedly saying that he didn’t recognize the “caricature” of himself shown in the stories.

“It’s not fun to watch some of the personal attacks in the press,” Solomon said. “I don’t recognize the caricature that was drawn of me. I’ve talked to many colleagues and customers who don’t recognize this caricature either.”

During the wide-ranging interview, Solomon touched on tighter banking regulation, curbing Goldman’s ambitions in consumer finance and the merger market. Acquisitions are likely to pick up as CEOs regain confidence in the coming months, he said.

“The sentiment I’m hearing from CEOs around the world is trying to get this back under control,” Solomon said, but warned that the recovery in mergers would lag that of IPOs.

Watch CNBC's full interview with Goldman Sachs CEO David Solomon

https://www.cnbc.com/2023/09/07/goldman-sachs-ceo-david-solomon-ipo-market.html David Solomon, CEO of Goldman Sachs, is hopeful about IPOs


Pechip.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@pechip.com. The content will be deleted within 24 hours.

Related Articles

Back to top button