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activity chart", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 18:06:45.486+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f9242903-39e6-4051-8be7-c03c91bc3b77", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.6, "x": 0.04, "y": 0.94 }, "kind": "disclaimer", "text": "Median deal size is calculated for IPOs that were priced by end of 4 December. 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"quote", "text": "While overall activity decreased in 2019, the US IPO market is experiencing an exciting period of innovation with developments in direct listings and record issuance from Special Purpose Acquisition Vehicles. US indices are at all-time highs and leaders of private businesses have increasing options to access the public markets. We anticipate strong activity in 2020, particularly in the first half of the year.", "attrs": null, "canon": { "kind": { "name": "Quote", "slug": "quote", "status": "active", "canonId": "019de52c-f8fb-751e-8bc6-d58e2d59562a", "version": 1, "description": "Pull quote or testimonial." }, "tool": null, "subkind": { "name": "Pull quote", "slug": "pull-quote", "status": "active", "canonId": "019de52c-fbf9-76fe-97e1-a0b7540445c9", "version": 1, "description": null }, "framework": null }, "subkind": "pull-quote", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 18:06:44.572+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "68b06df7-43b1-4eb7-8929-eda4d93cab6e", "parentComponentId": null }, { "bbox": null, "kind": "quote", "text": "While overall activity decreased in 2019, the US IPO market is experiencing an exciting period of innovation with developments in direct listings and record issuance from Special Purpose Acquisition Vehicles. US indices are at all-time highs and leaders of private businesses have increasing options to access the public markets. 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In Mainland China, the newly launched STAR market continued to drive robust IPO activity in the last quarter of the year. Higher IPO activity and positive post-IPO returns in 2019, combined with strong IPO pipelines suggest that 2020 will be a very active year for IPOs in Mainland China and Hong Kong markets. 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All Rights Reserved. 1912-3334577 EY no: 005611-19Gbl ED None This material has been prepared for general information purposes only and is not intended to be relied upon as accounting, tax or other professional advice.", "attrs": null, "canon": { "kind": { "name": "Disclaimer", "slug": "disclaimer", "status": "active", "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc", "version": 1, "description": "Legal/cautionary text that occupies most of the body of its slide." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 18:06:48.442+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a0494c7f-cca2-4262-b8fa-eaf73a78c895", "parentComponentId": null }, { "bbox": { "h": 0.35, "w": 0.3, "x": 0.65, "y": 0.22 }, "kind": "list", "text": "Paul Go, Jackie Kelley, Ringo Choi, Terence Ho, Masato Saito, Dr. Martin Steinbach, Scott McCubbin", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 18:06:48.442+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "36b80d01-00d4-4404-b4cf-feaa949ad397", "parentComponentId": null }, { "bbox": { "h": 0.65, "w": 0.38, "x": 0.04, "y": 0.13 }, "kind": "paragraph", "text": "About EY... About EY's Growth Markets Network... About EY's Initial Public Offering Services...", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 18:06:48.442+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "77c7b0b1-da38-4f7e-bf7f-264ece8c5acc", "parentComponentId": null }, { "bbox": { "h": 0.15, "w": 0.3, "x": 0.65, "y": 0.66 }, "kind": "paragraph", "text": "For more information on global IPO performance by quarter and year, and how the IPO market looks set to develop for the next 12 months, visit the EY Global IPO website: ey.com/ipo Follow the report on social media: via Twitter and LinkedIn using #IPOreport", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 18:06:48.442+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8e8834a1-e186-4fff-bc93-2ebf24dd8c33", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.25, "x": 0.04, "y": 0.07 }, "kind": "title", "text": "EY | Assurance | Tax | Transactions | Advisory", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 18:06:48.442+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5315cce8-aea7-4799-b382-d48c5d5c2db7", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 36, "arc": { "name": "The Sparkline", "slug": "sparkline", "status": "active", "bestFor": "Keynotes, TED-style talks", "canonId": "019dd956-606e-720c-905a-42607ac0bf50", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "What Is -> What Could Be -> What Is -> What Could Be -> New Bliss", "description": null, "familyLabel": null }, "from": 29, "name": "Appendix", "beatId": "f73d57b1-f630-4bdd-9c71-4e427c003063", "matchId": "bd1b80ed-63d4-4221-bbaf-487cc5170693", "beatType": null, "evidence": "Supporting data and methodology are provided in the appendix", "position": 3, "isPrimaryArc": true, "parentBeatType": null, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true } ], "arcBeats": [ { "from": 1, "to": 4, "label": "What Is", "description": "The document begins by setting the stage for the current state of the global IPO market" }, { "from": 5, "to": 9, "label": "What Is", "description": "Further details on the global IPO market insights are provided" }, { "from": 20, "to": 28, "label": "New Bliss", "description": "The document highlights favorable conditions for a healthy IPO market in 2020" }, { "from": 29, "to": 36, "label": "Appendix", "description": "Supporting data and methodology are provided in the appendix" } ], "loops": [ { "from": 3, "to": 28, "label": "Golden Circle", "description": "To understand the why, what, and how of the current IPO market trends" } ] }