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Goldman’s David Solomon warns on IPOs after ‘broken’ dealmaking is slammed

'Obviously the market at the moment is pricing in perfect execution and enormous growth... my guess is there will be a rebalancing,' the CEO of Goldman Sachs told CNBC

Goldman Sachs chief executive David Solomon says he'c concerned over the current euphoria in the markets, as this may not be healthy in the long term. The comments from the investment bank's boss follow two highly publicised IPOs: property rental platform AirBnb and food delivery service DoorDash
Goldman Sachs chief executive David Solomon says he'c concerned over the current euphoria in the markets, as this may not be healthy in the long term. The comments from the investment bank's boss follow two highly publicised IPOs: property rental platform AirBnb and food delivery service DoorDash Photo: Getty Images

The heightened participation of small investors in companies’ initial public offerings is a concern for the chief executive of US investment bank Goldman Sachs.

“I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” David Solomon told CNBC’s Squawk Box. “I don’t think in the long run that’s healthy. I think it will rebalance over time, as it always does.”

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