ed: that was alicia haas, cfo of coinbase. sarah brass files confidentially for u.s. ipo.deal team last night. this is "bloomberg technology." ♪ ed: sarah brass systems is making chips optimized for ai. it has filed confidentially for an initial public offering. sources say it has picked citigroup as the lead bank and it is targeting a listing in the second half of this year. amy, you and i have been tracking this one. it is interesting. let's start with the basis -- basics of what we know. >> the timing is going to be in early october. that would be the group of ipos that is going to list and go for an offering after labor day. right now the ipo window has slightly shot after the july slew of ipo's. the next winter is going to be september, before everything is probably going to slow down because of election volatility. ed: it is an interesting decision to make. the reason sarah brass is interesting is what it does. it is very on-brand for what is en vogue at the moment. with the make of that? and it's salability in this market? amy: people are talking about whether ai do