Wall Street’s IPO revival hasn’t reached dot-com euphoria levels, Goldman Sachs says
U.S. IPO issuance has rebounded sharply in 2026, but the bank said the current surge lacks the deal volume and speculative excess that defined the dot-com era.
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Summary
- Goldman Sachs said U.S. IPO activity has doubled year over year, with issuance already matching 2021’s record pace by dollar value.
- Despite elevated valuations and AI-driven investor enthusiasm, the bank noted that IPO volumes remain well below dot-com and pandemic-era peaks.
- Payward, Ledger and Grayscale have paused IPO plans this year as volatile crypto markets and softer investor demand weighed on new listings, according to CoinDesk reporting.
