WEBVTT

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In terms of the question about what it means about

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the markets. We know they've been a lackluster to

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say the very least. Does this, does this

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kind of open, open the taps? Does this

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encourage others to come to market? How big a

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deal is this in terms of listings? That's certainly

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the hope for the bankers involved in the deal as

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well as the IPO market that hoard of companies looking

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to make it to market. Remember, this would

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not only be the biggest of the year we are

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in a deal drought. That is the worst we've

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seen since 2009 and a company of this size,

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the largest we've seen this already is can view which

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was about$3.8 billion in the size of listing.

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Uber in 2019 was a more than$8 billion listing

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. And we know that Uber since then has been

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pretty lackluster in the way that it's traded as far

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as can you goes, same same deal. We

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have not seen a big jump in the value since

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the IP O earlier this year. So the demand

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that we see in the market will depend on two

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things. It will depend on the market environment and

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it will also depend on what they actually shares that

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we know that South Bank has acquired the rest of

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the vision fund stake, for example. And that

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has already valued the company at 64 billion. On

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one hand, this is a sign of strength to

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set a floor here for the IP O price.

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But there's a question of how much soft bank will

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actually sell into the market at the time of this

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IP O, whether they'll decide to retain more of

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it and sell more down over time. Well,

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let's expand on that here because if you're looking at

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kind of the investor appetite for IP OS right now

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from a market perspective, there really isn't any but

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this is a massive company that doesn't really have any

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major competitors. What does a road show really look

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like for this one? Well, one thing about

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this too is they've been in talks with strategic investors

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. You hinted at this a little bit earlier in

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town, Navid Amazon. Do they come in at

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100$100 million a pop or do they come in

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with less strategic interest coming into the moment of the

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IP O? That would certainly be a sign of

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strength that you saw big names like that come into

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the market also. Remember there's no guarantee that the

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fall markets won't be choppy and the market environment itself

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is one big question, but should they open the

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flood gates? You see other companies like Instacart potentially

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coming into the market? You've already seen down rounds

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in companies like that, which could ease some of

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the pressure once they finally come into market in terms

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of what their valuation is on day one on public

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listing.