The calendar is still pretty full, but the market is in a wait-and-see mode.

They both leveled out pretty well.

Most companies will wait until the very last moment, even weeks, before they officially postpone. It's a lot of work gearing up for a company to go public.

It's the marginal deals which will be postponed.

If that's the case, the earlier we can do it after diagnosis the better.

There certainly is enough cash sitting on the sidelines to make a viable IPO market.