Goldman Sachs CEO David Solomon expressed optimism about a recovery in the IPO market during a summit hosted by Cisco CEO Chuck Robbins. Solomon highlighted an improving business environment, predicting increased IPOs and M&A activity. He attributed the tech IPO market's dormancy since 2021 to inflation, rising interest rates, and regulatory hurdles but noted signs of renewed momentum as companies adjust to lower valuations. Solomon also noted regulatory shifts and optimism linked to political changes in Washington. Solomon emphasized the increasing availability of private capital influencing IPO decisions.
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00:00It's Benzinga bringing Wall Street to mainstream. Goldman Sachs CEO David Solomon expects
00:05optimism about a recovery in the IPO market during a summit hosted by Cisco CEO Chuck Robbins.
00:11Solomon highlighted an improved business environment, predicting a rise in IPOs and M&A
00:16activity. He attributed the tech PIO market's dominance since 2021 to inflation, rising
00:21interest rates and regulatory hurdles, but noted signs of renewed momentum as companies adjusted
00:26to lower valuations. He also noted regulatory shifts and optimism linked to political changes
00:31in Washington. He emphasized the increasing availability of private capital as a factor
00:35influencing PIO decisions. For all things money visit benzinga.com slash gstv