{ "docId": "019dd923-5e88-73ef-bd58-846797a2e8d0", "docSlug": "44656c7f00358eb1", "documentTitle": "ey global ipo trends 2023 q2 v1", "authorId": "MorganStanley", "authorName": "EY", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "equity_research", "sourceTypeLabel": "Equity research", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.777, "pageNumber": 3, "pageCount": 20, "prevPage": 2, "nextPage": 4, "slideType": "situation_overview", "function": "establish_context", "density": "dense", "nDataPoints": 0, "notes": null, "elementsJson": [ "headline_text", "paragraph" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5e88-73ef-bd58-846797a2e8d0/3", "deckHref": "/decks/019dd923-5e88-73ef-bd58-846797a2e8d0", "deckJsonHref": "/decks/019dd923-5e88-73ef-bd58-846797a2e8d0.json", "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd58-846797a2e8d0#slide-3", "components": [ { "bbox": null, "kind": "callout", "text": "Companies that are fully prepared will be able to create value and fully leverage the IPO windows of opportunity.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-3408-77db-b477-9f8cb64ad358", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.55, "w": 0.3, "x": 0.35, "y": 0.29 }, "kind": "paragraph", "text": "Companies that have completed a successful IPO know the process involves the complete transformation of the people, processes and culture of the organization from a private enterprise to a public one. Preparation is critical. Successful IPO candidates often spend two years or more building business processes and infrastructure, recruiting executive and advisory talent, getting in front of financial and reporting issues, and mastering the essential board of directors' commitments to go public. During the journey to become a public company, an organization must prepare not only for the defining moment of the IPO ceremony – the ringing of the bell – but also for a whole new phase of corporate life after the IPO takes place. That's why those that outperform the market treat the IPO as a long-term transformational process, an IPO journey.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "019634db-6f04-4686-860d-a5d197fa0e6e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.28, "x": 0.05, "y": 0.29 }, "kind": "paragraph", "text": "An initial public offering (IPO) is the sale of a company's shares to the public and the listing of shares on a stock exchange for the first time. Through the issuance of new shares to the public investors, it allows a company to raise capital in order to build and expand its business.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "637b8882-d7dd-4d3f-bd97-1eb32ff20b9d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.6, "w": 0.3, "x": 0.66, "y": 0.29 }, "kind": "paragraph", "text": "This Guide to going public will give you an initial overview and checklists of the key phases in going public from a global perspective. It is based on EY insights from many IPO transactions, to help you begin your IPO value journey, so that you are well prepared to transform your private company into a successful public company that continually delivers value to its shareholders. With extensive experience helping companies prepare, grow and adapt to life as a public entity, EY teams are well positioned to take you on your IPO journey, providing tailored support and integrated services before, during and after your IPO. EY IPO leaders in your region and the EY global network will serve you from evaluating strategic options pre-IPO to setting you on the right path to support growth post-IPO, while anticipating the expectations of different stakeholders – from regulators, board of directors, employees, investors and media – along the way. Irrespective of your market or region, EY teams look forward to exploring with you the various strategic options and each facet of your IPO value journey.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7ff1dd83-5165-4d39-b97a-a3ec3a745e9c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.3, "x": 0.35, "y": 0.6 }, "kind": "paragraph", "text": "The EY team is a key member of your external IPO team. EY teams have worked with business owners and management teams of family businesses, scaled up and high-growth companies as well as private equity- (PE-) or venture capital- (VC-) backed companies considering their strategic options for funding for growth, including a public listing. EY teams are made up of professionals with extensive, proven experience with domestic and international capital markets. EY professionals have deep knowledge of your industry, which allows us to create multidisciplinary teams that will steer you onward, through and beyond your IPO, and support your plans for growth.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ede0c850-ebb1-4d9d-96ee-e5cd252e1a21", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.6, "x": 0.35, "y": 0.16 }, "kind": "title", "text": "Companies that are fully prepared will be able to create value and fully leverage the IPO windows of opportunity.", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "01dc0418-6009-4997-9195-d86311815a47", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.25, "x": 0.05, "y": 0.18 }, "kind": "title", "text": "WHAT is an IPO?", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "95c5a067-2d2c-4d26-9ac0-ae345ff33844", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 5, "from": 1, "beatId": "aab4e4f8-d250-48c0-9b37-847b8e90fd7c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Situation & Context", "beatSlug": "consultants-gambit-situation-context", "evidence": "The document provides an overview of IPOs, including what they are, why companies go public, and the motivations for doing so.", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "loops": [ { "to": 5, "from": 3, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "c979c8ff-1c9e-4308-b00b-8e850802fdb7", "evidence": "The document opens with an overview of IPOs and their motivations, then closes this loop by highlighting the benefits and challenges of going public.", "position": 0, "objective": "What is an IPO and why do companies go public?", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.6, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }