This is exchanges at Goldman Sachs and I'm Allison Nathan a senior strategist in Goldman Sachs research.

The IPO market continues to set new records and many of the companies going public

are making and selling things that we recognize and use in our everyday lives.

To better understand why the IPO market for we recognize and use in our everyday lives.

To better understand why the IPO market

for consumer startups is stronger than ever,

we're speaking with Jen Davis and Vichal Rana

from the Consumer Retail Group

within our Invest banking division.

Jen Vichal, welcome back to the program.

Thanks for having us, Allison.

Thank you.

Jen, we lost spoke with you in Vichal in April

when consumer retail companies were really just emerging from the pandemic

and just starting to tap the capital markets in a big way to invest in their businesses.

Today we're of course seeing a slew of consumer-oriented companies going public.

Put this all into context for us.

How does the activity compare with prior periods

and what's driving the recent surgeon activity?

And that's a great question, Allison,

and one we're happy to talk through today

because it's an exciting topic.

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