After years of what can charitably be described as an IPO drought, Goldman Sachs sees the floodgates opening. The bank’s analysts are projecting around 100 initial public offerings in the US this year, with total proceeds potentially reaching $160 billion, a figure that would shatter previous records.
For context, only 61 US IPOs were completed in 2025. The jump Goldman is forecasting isn’t just a modest uptick. It’s a near-doubling of activity, and the early numbers suggest the thesis is tracking.
The numbers so far
As of late April, 25 IPOs have already priced this year, raising nearly $14 billion. That represents an approximately 80% increase in both deal volume and proceeds compared to the same period last year.
Goldman analyst Ben Snider has framed the expected acceleration as a return to typical market conditions rather than some kind of structural shift.
