both announced plans to delay IPOs that were previously planned for 2020 at least partially as a result of the volatility in new listings.
Rather than seeing companies back off from an IPO, "we're actually seeing the opposite," he said. "We're seeing people recognizing that we're in an incredibly constructive market environment and, over the last month, we've participated in activities to kick off IPO or direct listing processes for more companies than we ever have before.
The coronavirus pandemic grounded travel and forced bankers to find creative solutions for engaging investors without meeting them face-to-face, though. Meanwhile, the rollercoaster year that Wall Street and the world are emerging from hasn't stopped the buildup of kinetic energy driving future IPOs. Insider first reported last week that Goldman has been tapped by Coinbase to lead its upcoming IPO — which underscores the growing intersections of TMT and fintech in the years ahead.
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