David Solomon on IPO market
From Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI | Odd Lots · · Bloomberg Podcasts
“I do think we've created a regulatory structure and a market structure that really makes it unattractive to go public until you have to. The reason these companies are going public now is because they have to. They have capital needs that are so voracious that it is not prudent for them to try to do 100% of it in the private market and not have a public currency. It's just not prudent.”
On , David Solomon, Chairman & CEO at Goldman Sachs Group Inc, spoke about IPO market during Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI | Odd Lots on Bloomberg Podcasts.
About David Solomon
David Solomon, chairman and CEO of Goldman Sachs, has recently expressed optimism about artificial intelligence, stating he does not believe it will cause massive structural unemployment but acknowledged it will "interrupt jobs and dislocate." In a series of interviews, Solomon described the technology as a potential driver of a "productivity boom" and "economic growth," while also cautioning that its deployment will not follow a straight line and that government and business have a "responsibility to work on policy" if disruption becomes severely dislocating. He emphasized that human interaction remains a "superpower" and predicted that firms will shift young employees toward client-facing roles. On markets and the economy, Solomon said the U.S. is in a period where "there's more greed than there is fear," and pointed to robust equity markets and significant liquidity to absorb large capital raises, including those from AI-related companies. He argued that a "regulatory structure and market structure" has made it unattractive for companies to go public until they have a capital need. In Goldman Sachs' first quarter 2026 earnings call, he reported net revenues of $17.2 billion and earnings per share of $17.55, both the second highest in the firm's history. Speaking at the Wharton MBA graduation, Solomon encouraged graduates to "be open to change" and invest in relationships, and stated that "today is the best day in the history of the world to be in your shoes."