“Our baseline forecasts point to a further improvement in the IPO environment in the second half of 2023,” Goldman Sachs’ strategists wrote in a note to clients. Still, “the improving macro backdrop has not translated into IPO activity yet.”
After going from boom to bust in one short year, the environment for initial public offerings in the US is on the upswing again, according to Goldman Sachs. It’s just going to take some time for companies to notice.
A gauge that measures the overall environment for IPOs has surged to a reading of 93 from its low of seven last September, and it’s set to keep on rising, Goldman Sachs says. A level of 100 indicates the typical frequency of public debuts.
