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  "documentTitle": "ey q2 2020 global ipo trends report v1",
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  "notes": "Includes data on IPO proceeds, sector performance, and market volatility indices.",
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      "text": "While COVID-19 affected US IPO activity from March through May in 2020, it began to pick up in June.",
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      "text": "Indicates transactions that are expected to be completed prior to 30 June 2020. ... Global IPO trends: Q2 2020 | Page 11",
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      "text": "There are positive signs for the broader IPO market. Stock prices and valuations are recovering, reflecting improved investor sentiment and risk appetite. The volatility index (VIX®) has receded considerably from its high in March, approaching levels more receptive for companies to go public.",
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      "text": "Despite market volatility, there were 17 cross-border IPOs in Q2 2020, with a total of nine originating from Mainland China and Hong Kong.",
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      "text": "Although IPO activity in US presidential election years has historically tended to skew toward the first half of the year, recent market volatility could lead to more deals around the election than in years past.",
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      "text": "While COVID-19 affected US IPO activity from March through May in 2020, it began to pick up in June. YTD 2020 IPO numbers were down 28% compared with the same period in 2019, while IPO proceeds declined by 31%. This included five unicorn IPOs.",
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      "text": "Despite the market crisis, SPAC offerings are on pace to meet or exceed the record set in 2019. These deals are larger and sponsors are higher-profile than we've seen. This should enhance the future viability of the SPAC path to the public markets for a broader swath of issuers.",
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      "text": "Several technology companies that navigated the market in Q2 2020 have priced and traded well. Additionally, some large high-growth companies have filed publicly and entered the IPO pipeline recently, signalling a continued appetite for IPOs.",
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      "text": "Health care companies continued to function well throughout this period of market volatility, accounting for 60% of the IPOs and 45% by proceeds in Q2 2020 (24 IPOs raising US$6.7b). Technology ranked second by deal number and proceeds, with 11 IPOs raising US$4.0b, which represented 28% and 27%, respectively in Q2 2020.",
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      "text": "IPO proceeds: $22.3b",
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