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Goldman Sachs is one of the biggest investment banker “ book offset ” for IPOs — where banking company are paid many million of dollars for each listing they insure . Yet CEO David Solomon told attendant of the Cisco AI Summit in Palo Alto that startups should reconsider the idea of going public , reportsFinancial Times .
Solomon said startup can scale just as handsome and get plentitude of money in the private markets , without having to grapple with the hassle of being a in public trade in party .
“ It ’s not fun being a public troupe , ” he said . “ Who would want to be a public company ? ”
Goldman is working more and more with large private companies , including helping Stripe on its $ 6.5 billion round in 2023 . Stripe is part of the growing course of large , private tech companionship that are deciding to remain secret for much longer .
