Welcome to our exchanges at Goldman Sachs markets update for Friday, June 12th.

Each week we check in with a leader across the firm to get a quick take on what they're

watching in markets. I'm Jake

Seward, Global Head of Corporate Communications here at the firm, and today I'm

delighted to be joined by Lizzie Reed of our Investment Banking

Division. Welcome Lizzie to the program. Thank you, Jake.

So before we dive in, just give us a quick intro on what you do here at Goldman and what your

day job is.

Wonderful, and thank you again, Jake, for having me on.

I guess the question that most people ask is, what is the Equity Synica Desk? And so in short, our team is responsible for helping investment banking clients access equity and equity linked capital through a range of product offerings,

inclusive of IPOs, follow-ons, and convertible notes.

In addition, Jake, our team's role includes working closely with our security division

to provide opportunities for our investing clients to deploy capital with inequities.

I would have to say that we're in a very fortunate position to be at the center of daily flows for some of the most

important and most impactful new issue transactions that have been happening in the U.S. equity markets today.

Oh yeah, certainly been a busy year. So let's frame that.

2020 has been nothing short of eventful.

Give a little context to the market and where we stand today.

Sure, happy to. So first I would say, and this is an obvious statement, but equity investors have

navigated a tremendous amount of volatility year today. But now we're seeing a much more stable

environment despite the ongoing macro head wins.

To put some framework around that for you, what I thought is important to focus on would be

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