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  "documentTitle": "ey q2 2020 global ipo trends report v1",
  "authorId": "MorganStanley",
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  "notes": "Uses a honeycomb diagram to represent interconnected market factors.",
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      "kind": "callout",
      "text": "Implications for IPO candidates: IPO candidates looking to go public in 2020 have to face uncertainties caused by the continuing pandemic disturbance, underlying economic contraction and financial market volatility.",
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      "text": "IPO candidates looking to go public in 2020 have to face uncertainties caused by the continuing pandemic disturbance, underlying economic contraction and financial market volatility.",
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      "kind": "diagram",
      "text": "Honeycomb diagram showing: Equity market volatility, Oil price fluctuation, US election, COVID-19, Brexit negotiation, Geopolitical tensions, Resumption of economic activities.",
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      "kind": "disclaimer",
      "text": "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.",
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      "kind": "list",
      "text": "Be prepared to complete the IPO quicker in narrower, and potentially shorter-notice transaction windows; Have battle-tested business models; Conduct extensive pre-marketing; Prepare well with an IPO readiness assessment; Adjust to more cautious IPO valuations; Consider other alternative funding or exit options.",
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      "kind": "paragraph",
      "text": "There are a variety of market factors that may impact investor sentiment for IPOs. Pre-IPO companies should analyze how these factors may affect their business, timing and valuations.",
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      "kind": "source-note",
      "text": "*Factors are presented in no special order of priority.",
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      "kind": "title",
      "text": "Major factors affecting the IPO market",
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      "evidence": "The document provides various data and insights on IPO market performance across regions (p5-24).",
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      "name": "Cost Of Inaction",
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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      "evidence": "The document discusses the decline in IPO activity due to COVID-19 and the potential consequences of inaction (p7-23).",
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      "objective": "The cost of inaction in the IPO market",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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      "description": "Quantify what happens if the audience does nothing"
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