Stock Market

Story: Goldman Sachs Sees 2026 IPO Surge but No 1990s-Style Speculative Frenzy

By Pankaj K

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What Goldman Actually Said. The bank's position isn't that the market is slow or disappointing.

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Lessons From the Dot-Com Crash Still Linger. It's hard to overstate how much the dot-com crash shaped market psychology.

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What It Means for the Broader Market. More IPOs generally means more confidence in the economy.

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The IPO market is back. U.S. companies are going public at a pace that's turning heads on Wall Street, and Goldman Sachs is paying close attention — though the bank isn't exactly…

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Goldman's read on the current environment is pretty clear: yes, there are more deals, yes the market is active, but no, it doesn't feel anything like the dot-com era.

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The bank's position isn't that the market is slow or disappointing. It's that the growth is controlled.

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So the fact that Goldman is flagging the absence of that kind of frenzy is basically a good sign. It means the market is probably on firmer footing.

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Investor behavior seems to have shifted too. Goldman's analysis points to a market where due diligence is back in fashion. People are looking at fundamentals.

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It's hard to overstate how much the dot-com crash shaped market psychology. The late 1990s saw a generation of investors learn — the hard way — what happens when valuations…

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More context: Sharplink Breaks 8-Month Ethereum Freeze at 2026s Lowest Price Point

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Goldman's view is that those lessons are holding. The current IPO surge, while notable, isn't built on hype.

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Still, it's not like risk has vanished entirely. Markets can shift fast. Sentiment can flip.

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More IPOs generally means more confidence in the economy. Companies don't go public when they think the market is about to fall apart.

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The bank's take is essentially that the market is optimistic but not reckless. Companies are being vetted more carefully. Investors are applying more scrutiny.

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That's a fine line to walk, and markets don't always walk it well. But for now, Goldman seems to think the balance is holding.

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