Headshot of Clif marriott, partner and co-head of European tech investment banking at Goldman Sachs

Interview

May 30, 2025

$100m revenue companies growing at 20% is “not what investors are focused on,” says Goldman Sachs

The average company going public today is valued in the $5-10bn range, compared to $1-2bn a decade ago

When IPO markets fully open again, many of Europe’s scaleups won’t be rushing to list, Goldman Sachs bankers tell Sifted.

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Miriam Partington

Miriam Partington is a senior reporter at Sifted, based in Berlin. She covers the DACH region and the future of work, and writes Startup Life , a weekly newsletter on what it takes to build a startup. Follow her on X and LinkedIn

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