Goldman Sachs identifies two newly public stocks down at least 18% from IPO prices as compelling buys amid rising issuance activity.
Goldman Sachs analysts have highlighted two recently listed stocks trading at least 18% below their debut prices as attractive entry points. The recommendation comes as the IPO market shows renewed momentum, with over 30 offerings completed year-to-date despite broader market uncertainty.
IPO activity is on pace to match the long-term annual average of 100 deals, though dollar volume remains below historical peaks. Goldman expects corporate equity demand to outstrip supply in 2024, with issuance levels aligning closer to 2015-2019 averages relative to market capitalization. The firm projects a record year for U.S. equity issuance by 2026.
Investor sentiment indicators remain elevated but below the extremes seen in 2000 and 2021, supporting Goldman’s cautiously optimistic outlook. High-profile potential IPOs, including SpaceX and Anthropic, continue to generate market interest.