Goldman Sachs: AI Mania Far from Reaching Internet Bubble Frenzy, Only About 50 IPOs Added This Year

BlockBeats News, June 26th - Goldman Sachs pointed out that the U.S. stock IPO market in 2026 is experiencing the strongest rebound in recent years, but it has not yet replicated the speculative frenzy of the Internet bubble era. So far this year, about 50 companies have gone public in the United States, double the number from the same period last year; in terms of transaction amount, the mid-year issuance size has reached approximately $120 billion, equaling the record set for the full year in 2021. Ben Snider, Chief U.S. Equity Strategist at Goldman Sachs, said in the bank's podcast that this is to some extent just a normal recovery, driven by a batch of large companies going public and strong financing demand in the AI field.

Despite high valuations, strong investor confidence, AI emerging as a dominant investment theme, and other bubble warning signs, Snider emphasized a key indicator that is far from historical peaks— the number of IPOs. The U.S. has seen an average of about 100 IPOs per year over the past 25 years, and the current pace is close to that level, compared to over 250 IPOs in 2021 and nearly 400 in 1999, the peak of the Internet bubble. "Although the transaction amount is quite high, and the activity is accelerating, in my view, it is still far from the exuberance of those periods."