In february, normally a gea political event, markets tend to go down and then rebound very quickly. We did not anticipate an event. And actually, you did see the market. It was a tough quarter, but it was a better march a than feb Februarya. When there's a lot of uncertainty in markets, volatility is going to weigh on those companies who are looking to go public because they're a bit cautious about bringing their companies to market at a time when they can have huge intrday swings.

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