Goldman chief David Solomon opines on IPO revival, the sale of GreenSky and the challenge of a 'lousy' economic environment

Goldman Sachs chief executive David Solomon says this week's ARM Holdings IPO could unleash pent-up demand if it goes well.

Goldman Sachs chief executive David Solomon said this week’s blockbuster initial public offering from ARM Holdings could create a “virtuous cycle” of bringing more pent-up backlog to Wall Street.

“From everything I hear, that’s going well,” Solomon said about the ARM Holdings deal. “We have a handful of very significant IPOs in the market. That’s an improvement.” Solomon said he’s amazed at times at the attention that Goldman Sachs gets, particularly in a string of articles with comments from current and past insiders at the firm who criticized the direction of the company and the turnover among partners.

While Goldman’s losses in consumer banking have drawn low marks for the firm, Solomon argued that the moribund capital markets and M&A environment were a bigger headwind to Goldman’s business.

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