With Arm and Instacart hailing blockbuster listings this month, it could be easy for investors to get caught up in the excitement. But Goldman Sachs has another approach: it has identified two key measures that can help predict how successful an IPO may be in the long term, irrespective of whether the stocks have an early bubble or bust.
To identify these factors Goldman's Chief U.S. Equity Strategist, David Kostin, and a team of analysts sifted through 5,000 IPOs from the past 25 years.
