IPO market? Apparently still alive
Goldman Sachs’ Matthew McClure basically looked at the IPO window and said: yep, the blinds are open. Speaking on Bloomberg Deals, he said the market is “open for business,” which is Wall Street code for: the money people are feeling a little less scared.
AI is hogging the spotlight
The interesting twist is where the cash is going. McClure said AI-related companies have pulled in more than half of all capital raised in IPOs this year, even though they make up only about 20% of the deals. Translation: investors are still acting like AI is the VIP section.
Private equity is warming up too
He also pointed to roughly $1.5 trillion of private equity capital waiting to be deployed, which is a fancy way of saying there’s a giant pile of dry powder itching to get off the sidelines. If confidence keeps building, that can mean more listings, more deal flow, and more chances for public-market investors to get first dibs.
Big picture
This isn’t a single-stock catalyst, but it matters because IPO markets are like mood rings for risk appetite. When they’re open, everyone starts dusting off the filing cabinets and dreaming in S-1s.