Forge Global Holdings, Inc.

to grow through inorganic growth and acquisition. You know, we had acquired two companies in our path to become a public company. And so we've done that as a private company and we expect to continue to do that as a public company. I think the other question we often get asked in this, you know, in connection with this question is, you know, our path to breakeven and profitability. And while, you know, we stand ready to grow organically, to get back to breakeven, which we had been back in 2021. We had been profitable back in 2021. We also see the opportunity to consolidate the industry and add new businesses and companies to our platform as a way to scale more quickly and get to that breakeven and profitability point. So there's a lot of opportunities out there and we continue to monitor the opportunities that are available to us. Great.

Thank you guys very much for taking my question. Appreciate it. Next question comes from the line of Ken Worthington with JP Morgan. Please go ahead.

Hi. Good afternoon. Thanks for taking the question. I believe over the past couple of years, Forge has said the marketplace has been closer to two-thirds sellers and one-third buyers, and the buyers were sort of the piece of the equation that was missing. The presentation sort of indicated, and I think you mentioned on the call, that buyer IOIs made up more than 60% of all IOIs in 1Q24. Are you seeing a transition? So, I guess, are you truly seeing a transition from more sellers to buyers? And then are there conclusions that we should come to with regard to the health of the business and the recovery in the market from this information? And then maybe I'll just conclude by asking, it seems intuitive that a 50-50 split between buyers and sellers is optimal, but it seems like Forge has been at its best when there were more buyers and sellers. So are we really, are you, even though the IPO market's not back, are you sort of operating now at that optimal mix?