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  "docSlug": "008f4cca08621057",
  "documentTitle": "ey q2 2020 global ipo trends report v1",
  "authorId": "MorganStanley",
  "authorName": "EY",
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  "notes": "The slide highlights the resilience of the IPO market despite COVID-19 impacts.",
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      "kind": "callout",
      "text": "COVID-19 had some impact on Hong Kong stock market and a smaller impact on Mainland exchanges in Q2 2020. The number of companies in the IPO pipeline continues to grow.",
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      "text": "*The STAR Market was launched in July 2019. All values are US$ unless otherwise noted. | YTD 2020 and YTD 20 refers to the first six months of 2020 and cover priced IPOs from 1 January 2020 to 23 June 2020 plus expected IPOs by the end of June. Q2 2020 and Q2 20 refer to the second quarter of 2020 and cover priced IPOs from 1 April 2020 to 23 June 2020 plus expected IPOs by the end of June 2020.",
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      "text": "In Hong Kong, the IPO pipeline continues to grow. More than 138 companies have submitted public filings, indicating that companies have a strong desire to go public when the right IPO window opens. In Mainland China, with a strong pipeline and the Government's economic stimulus policies, it is anticipated that 2H 2020 will remain active. The number of technology companies going public will continue to lead the trend, as technology will continue to play a key driver of the Chinese economy development. With a faster pace of innovation, ChiNext and STAR markets will see increased levels of activity. Smaller and medium-size companies should also see higher IPO activity, especially those in the innovation and technology sectors.",
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      "text": "Number of companies in IPO pipeline: 438",
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      "text": "IPO pipeline vs March 2020 data for CSRC, HKEx, and STAR market.",
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      "text": "Healthy pipeline continues to grow",
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