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12:42
Goldman Sachs: AI Mania Far from Reaching Internet Bubble Frenzy, Only About 50 IPOs Added This Year
BlockBeats News, June 26th - Goldman Sachs pointed out that the U.S. stock IPO market in 2026 is experiencing the strongest rebound in recent years, but it has not yet replicated the speculative frenzy of the Internet bubble era. So far this year, about 50 companies have gone public in the United States, double the number from the same period last year; in terms of transaction amount, the mid-year issuance size has reached approximately $120 billion, equaling the record set for the full year in 2021. Ben Snider, Chief U.S. Equity Strategist at Goldman Sachs, said in the bank's podcast that this is to some extent just a normal recovery, driven by a batch of large companies going public and strong financing demand in the AI field. Despite high valuations, strong investor confidence, AI emerging as a dominant investment theme, and other bubble warning signs, Snider emphasized a key indicator that is far from historical peaks— the number of IPOs. The U.S. has seen an average of about 100 IPOs per year over the past 25 years, and the current pace is close to that level, compared to over 250 IPOs in 2021 and nearly 400 in 1999, the peak of the Internet bubble. "Although the transaction amount is quite high, and the activity is accelerating, in my view, it is still far from the exuberance of those periods."
12:42
DraftKings (DKNG.US) launches "Sports + Prediction" super app to capitalize on the betting boom during the World Cup and NFL season
In states where gambling is legal, the default page is the sports betting section, and prediction markets are increasingly presented alongside traditional spread bets, win/loss bets, and special betting options. In states where sports betting is not legal, the app frontend guides users to the event contracts (prediction) page.
12:42
Standard Dental Labs Inc. has signed a letter of intent to acquire another dental laboratory located in the Tampa Bay area of Florida.
This move marks a new step for the company in continuously expanding its business landscape and regional service capabilities. Through this acquisition, Standard Dental Labs Inc. aims to further strengthen its position in key markets and enhance its comprehensive service capabilities for dental professionals.
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