Goldman's Scher Expects Strong Equity, Debt Issuance

The video discusses Goldman's outperformance in underwriting due to strong client relationships and integrated advice during crises. It outlines phases of equity market activity, including crisis capital raising, play offense capital, and the IPO phase. The speaker highlights the unexpected robustness of the IPO market and anticipates continued, albeit slower, issuance as the year progresses.

What is meant by 'play offense capital' in the context of companies raising funds?

What potential trends in issuance are anticipated as the market evolves?