so certainly a lot of companies are in focus there, and nason said that half of the companies that aren jpmorgan's ipo backlog are also having conversations about what an m&a transaction would look like instead of the ipo trying the figure out the avenue in the market would be the best route for companies of a certain size. if the companies do choose to sell themselves, i asked her, who are the companies that you want to show up to buy you, and this is what she said. >> when you think about the market cap, and the capacity of names like google and facebook and amazon and apple as well sh, and many of them not in the m&a game very much at all, and are they going to the become the new buyers of the smaller companies, and potentially bigger consol day or thes -- consolidators and so as we are thinking of the sell side, those names are typically on the list every time now. it was not that long ago that they weren't considered potential buyers of very much at all all, but now they are on every buy list, and so are the chinese investor, and so they are also the new entrants into the m&a game