{
  "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": 5,
  "pageCount": 20,
  "prevPage": 4,
  "nextPage": 6,
  "slideType": "business_case",
  "function": "establish_context",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The diagram is a hub-and-spoke model illustrating IPO benefits.",
  "elementsJson": [
    "quote_block",
    "paragraph",
    "process_diagram"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd58-846797a2e8d0/5",
  "deckHref": "/decks/019dd923-5e88-73ef-bd58-846797a2e8d0",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd58-846797a2e8d0.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd58-846797a2e8d0#slide-5",
  "components": [
    {
      "bbox": {
        "h": 0.5,
        "w": 0.35,
        "x": 0.6,
        "y": 0.38
      },
      "kind": "diagram",
      "text": "Motivations for going public hub-and-spoke diagram",
      "attrs": null,
      "subkind": "hub-spoke",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1b50f602-a87c-4ddd-b99c-df2e3d227074",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.05,
        "y": 0.63
      },
      "kind": "paragraph",
      "text": "For many companies that have just started to consider going public, the key question is: Could an IPO be the right next step? The preparation starts with the careful evaluation of the pros and cons of an IPO, the potential use of proceeds and examination of alternatives. This is in line with the first questions from investors at an IPO road show: Why are you going public and what will the IPO proceeds be used for? Answering these fundamental questions is key to the success of an IPO. A successful listing can help your company unlock access to financing to complete a strategic acquisition, create opportunities to expand your business into new markets or provide an exit opportunity for your PE or other investors. In addition, it can also improve perceptions of your business and brand with customers, suppliers and employees. While not all businesses are suited for life in the public eye, for many fast-growing private companies, an IPO can raise the capital needed to accelerate growth and achieve market leadership.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a56071ea-fabb-458b-9e4a-e3d8e4e75757",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.25,
        "x": 0.05,
        "y": 0.57
      },
      "kind": "paragraph",
      "text": "Cofounder of a pharmaceutical company",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cc246d43-c6cb-4eaa-8643-5784f3dbd604",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.05,
        "y": 0.45
      },
      "kind": "quote",
      "text": "The best reason to go public isn't to exit. It isn't to get the “going-public” experience. It’s because it’s the right next step in the path on which you’re guiding your company.",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "62ad7fe8-2120-4e04-adb4-42236d04bc22",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "The best reason to go public isn't to exit. It isn't to get the “going-public” experience. It’s because it’s the right next step in the path on which you’re guiding your company. - Cofounder of a pharmaceutical company",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-3408-77db-b478-81fd5e3aa406",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.25,
        "x": 0.05,
        "y": 0.39
      },
      "kind": "title",
      "text": "Motivations for going public",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c5406539-3957-48b1-92ea-e24115b7a068",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Monroe's Motivated Sequence",
      "slug": "monroes-motivated-sequence",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "13356147-50a2-4ee9-86a4-eb4817878505",
      "evidence": "The slide presents a mix of quotes, diagrams, and text to motivate and engage the audience, somewhat following Monroe's Motivated Sequence.",
      "confidence": 0.6
    }
  ],
  "frameworks": [
    {
      "name": "hub-spoke",
      "slug": null,
      "matchId": "e3042c66-7edd-40b2-97a9-28d41a91e69f",
      "evidence": "The diagram shows a central 'IPO' hub with spokes representing various motivations.",
      "confidence": 0.9
    }
  ],
  "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
}