sonali: we will bring in allison mcnealy he wrote the story today about how much more pain is going to be in private market valuations. are they throwing in the towel? allison: i don't think we are quite there yet. it is interesting that we are now starting to see private equity sponsors acknowledge may be need to come down a little bit. maybe they are not reflective of what the public markets would suggest. that is different than what we saw earlier this year which is a repeated messaging that private valuations were different than public market valuations and they work marked appropriately. jon: the connective tissue of these markets, the ipo market and the health of the ipo market, what are some takeaways now on what that is going to look like heading into 2024. ? allison: he's expect in the ipo market might be a little stronger in 2024. that echoes some of the sentiment i heard across the private equity industry in the last couple of months or weeks which is that maybe things might get a little bit better in 2024. we might start seeing firms -- deals because firms cannot sit on the