Goldman’s CEO Blankfein Touts Current IPO Atmosphere and 2 Other Dow Movers to Watch
The Goldman Sachs Group Inc. (NYSE:GS): Current price $162.30
During an interview on CNBC’s Closing Bell, Goldman Sachs Chief Executive Lloyd Blankfein said that now is a good time for companies to enter the public market and an even better opportunity for entrepreneurs to source financing. Goldman is the lead underwriter for Twitter’s imminent IPO. Blankfein observed that, “We have a big franchise in bringing companies to market, and we have invested a lot in our tech franchise specifically. One of the things that’s driving the IPO opportunity now is, in the last few years, the source of private capital has been so great that these companies have been able to get initial funding away from the public markets to get themselves into shape for going public.”
International Business Machines Corp. (NYSE:IBM): Current price $180.81
On Wednesday, IBM released a statement confirming that it has completed its acquisition of The Now Factory, which has been integrated into IBM’s Software Group, a business division that generated $5.8 billion of its total $23.7 billion in the third quarter. The purchase will expand IBM’s products and solutions in the rapidly growing big data and analytics marketplace, said its statement.
Cisco Systems Inc. (NASDAQ:CSCO): Current price $22.75
On November 6 in New York City, Cisco Chair and Chief Executive John Chambers will host a news conference with customers and partners to describe how his company is approaching the burgeoning data center market via the delivery of innovative, next-generation data center infrastructure. The keynote/news conference will highlight the portfolio built by Cisco-invested startup Insieme Networks together with the strategy and partnerships surrounding it.
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