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  "documentTitle": "ey q2 2020 global ipo trends report v1",
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      "text": "Although stock indices rebounded sharply from the market turmoil in March, global IPO activities in April to May 2020 were down 48% and 67% compared with 2019 by deal number and proceeds, respectively.",
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      "text": "Sources of IPOs by region and backing type",
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      "text": "All amounts in table are in US$. Figures may not total 100% due to rounding. *SPAC IPOs are excluded... Global IPO trends: Q2 2020 | Page 7",
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      "text": "Although stock indices rebounded sharply from the market turmoil in March, global IPO activities in April to May 2020 were down 48% and 67% compared with 2019 by deal number and proceeds, respectively.",
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      "text": "Investors remain receptive to companies in sectors that have experienced growth during COVID-19, and businesses that have adjusted their business models and demonstrated agility and resilience.",
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      "text": "However, after-market performance for those IPOs launched on main markets (i.e., average current returns) are up around 43% in YTD 2020, indicating strong investor appetite.",
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      "text": "Private equity- (PE) and venture capital- (VC) backed IPOs accounted for a notably higher proportion of IPOs in the Americas, compared with APAC and EMEIA.",
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      "text": "Pick up of IPO activity in June should give good momentum for 2H 2020. Sector activity are still mainly centered in technology, industrials and health care.",
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      "text": "By proceeds, NASDAQ led in 2020, followed by the Shanghai Stock Exchange and Hong Kong Stock Exchange.",
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