Goldman Says End of Argentina FX Controls Key to Reviving IPOs

Argentina President Javier Milei needs to start getting rid of capital and currency controls to lure equity investors and sustain a rally in the local stock market, according to Goldman Sachs Group Inc.

“Markets need clarity and certainty that capital can flow freely in and out of the country, and it’s clear the government understands that and that they’re working toward trying to get that done,” Max Ritter, Goldman’s head of mergers and acquisitions for Latin America, said in an interview.