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  "documentTitle": "ey global ipo trends 2023 q1 v1",
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      "text": "Proceeds (US$b): 21.5",
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      "text": "Any initial euphoria at the start of the year was quickly dampened by the unexpected inflation and interest rate outlook, with the mood further stifled by the latest turmoil in the global banking system.",
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      "text": "The IPO pipeline continues to build in anticipation of a better window of opportunity – possibly in the latter part of 2023.",
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      "text": "Q1 2023 refers to the first quarter of 2023 and covers completed IPOs from 1 January to 21 March 2023, plus expected IPOs by 31 March 2023 (forecasted as of 21 March 2023). Q1 2022 refers to the first quarter of 2022 and covers completed IPOs from 1 January to 31 March 2022. Sources: EY analysis, Dealogic",
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