What Is One Thing Wall Street is Looking Forward To In 2017?
I think we call all agree that the year 2016 has been sort of bumpy. In every aspect of life, people everywhere have been effected in some way, shape, or form. Whether it be oversees in places like the Middle East and Europe where terror attacks have seen to become the new normal. Or here at home, where the incredibly divisive election season that just ended, left our country divided. Everyone is distraught to some degree, and beginning to look towards too future.
With that in mind, I want it talk about something that is sort of the cornerstone of the Financial Industry. The place that everyone thinks of when they think of big money. The Mythos that is Wall Street. You hear it’s name, from time to time being murmured by some schmuck in a suit or by some guy on the news talking about it, but I was fortunate enough to visit The Iconic New York Stock Exchange, and it got me think about a one thing. Is there anything that Wall Street is looking forward to in the coming year?
Fortunately for me, Business Insider sat down and had a chat with one of the Top Bankers on Wall Street, and got their take on the upcoming year and what we can expect from Wall Street in it. Here’s what one of the Top Performer had to say.
Dan Dees — global head of tech, media, and telecommunications banking, Goldman Sachs:
“Expect to see significant Tech IPO activity and continuation of healthy M&A market.”
Allow me to explain what an IPO is, for those of you who maybe new to some of this lingo. An initial public offering (IPO) is the first time that the stock of a private company is offered to the public. IPOs are often issued by smaller, younger companies seeking capital to expand, but they can also be done by large privately owned companies looking to become publicly traded.
To be quite honest, we see tons of new tech IPO’s every year. So I agree with Dan, like most people probably do. I think every year people are hoping that the next step in technology will be opened to the public. Sometimes things come along and do just that, and other times they just don’t work out like people hoped they would.
Everyone is always hoping to catch lightning in a bottle. Take Facebook and Twitter for example. These two platforms have completely changed life as we know it. Just look at this past election. What would it have been like if twitter wasn’t around to give these candidates outlets? Twitter played a pivotal role in give these candidates a platform that directly connected them to the people of the world.
Their success inspired hundreds of other social media platforms who sought after their success, and about 98% of these startups never even got to the IPO stage. Why? Because they couldn’t bring anything original to the market. They were just polished up turds, claiming to be something different. They were just trying to replicate success that was not their own. So, here’s to hoping Dan and everyone else gets what they want it 2017.
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