A big, successful tech IPO could signal the start of a new wave of IPOs hitting Wall Street. And if that happens, Goldman Sachs (GS) stands to benefit. From 2021 to 2022, Goldman's equity underwriting revenues fell 83%. But ARM's IPO served as a "much-needed win" for Goldman, according to Barron's. And ARM's success could lead other companies to believe now is the right time to hit the Street... which could unlock a fresh string of IPO opportunities. Mark Roberts, the managing director of Blueshirt Group, told Yahoo Finance on Thursday, "This is a great first step to reopening what has been sort of an 18-month drought of IPOs in the U.S. tech market." YOUR ACTION PLAN The success of Arm Holdings' (Nasdaq: ARM) IPO could soon pave the way for more companies to feel comfortable going public and to use Goldman Sachs (NYSE: GS) as their key underwriter - which Instacart, Birkenstock and Klaviyo have also recently done. That could be a trigger for GS to revisit its recent highs at $355 and above. To see exactly how I'm playing this exciting development in the tech sector, I invite you to join me in The War Room. Over the past three weeks, I've closed three triple-digit overnight winners, including a 133.06% return on an Oracle (NYSE: ORCL) earnings strangle. What are you waiting for? Click here to unlock The War Room now. |
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