Tech Talk 2019

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 11 January 2019

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

"Startups right now are all using technology in different ways to drive growth, to drive expansion internationally...to continue to innovate their products..." says Kim Posnett of Goldman Sachs Investment Banking, who expects a strong IPO and M&A market for tech companies in 2019 given the pervasiveness of technological applications and access to capital. In this episode, Posnett discusses what to expect from the tech sector in the year ahead, from the biggest trends shaping internet and software businesses around the globe to how tech companies are thinking about IPOs to whether the pace of innovation among startups can continue and much more. This podcast was recorded on December 6, 2018. The information contained in this recording was obtained from publicly available sources and has not been independently verified by Goldman Sachs. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the information contained in this recording and any liability as a result of this recording is expressly disclaimed. The recording should not be relied upon to evaluate any potential transaction. Goldman Sachs is not giving investment advice by means of this recording, and this recording does not establish a client relationship with Goldman Sachs. Copyright 2019 Goldman Sachs & Co. LLC. All rights reserved.

Transcript

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0:00.0	This is exchanges of Goldman Sachs where we discuss developments currently shaping markets, industries, and the global economy.
0:15.0	I'm Jake Seward, Global Head of Corporate Communications here at the firm.
0:18.0	Today we're talking all things technology, the biggest trends shaping internet and software businesses around the globe, how
0:24.4	tech companies are thinking about IPOs, about going public, whether the pace of innovation
0:28.8	among startups can continue, and much, much more.
0:31.9	Our guest is Kim Posnicknet, Global, head of Internet Investment Banking, and co-head of
0:36.1	technology, media, and telecom investment banking services at Goldman Sachs.
0:40.0	Kim, welcome to the program.
0:41.2	Thank you, Jake.
0:42.2	Let's start with a simple question.
0:43.7	Talk a little bit about the tech landscape
0:45.6	at the end of 2018.
0:47.3	2018 was a fantastic year for technology.
0:50.6	We were incredibly busy across IPOs, across M&A.
0:54.0	It was the year of the mega IPO, and it was the year of the China IPO.
0:57.0	So there were 13 IPOs greater than a billion dollars in 2018.
1:02.0	We were lucky to lead 11 of those 13. Of those
1:04.9	13 six were out of China. So the incredible amount of volume and velocity and
1:09.7	very high profile and consequential companies and I believe that will continue into 2019 so it's
1:15.8	incredibly robust tech IPO market and it was also a fantastic year for tech M&A and so we saw big strategic trades, IBM, Red Hat, Walmart,
1:26.1	Flipcart, big strategic moves and the markets were very receptive and open to those
1:30.2	moves. Kim you mentioned that a lot of the equity capital markets activity this year, a lot of the
	...

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