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  "documentTitle": "ey global ipo trends 2023 q1 v1",
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      "text": "Tech IPOs continue to deliver the highest number of deals, but average transaction size is dwarfed by the energy sector.",
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      "text": "Tech IPOs continue to deliver the highest number of deals, but average transaction size is dwarfed by the energy sector. This trend is in line with the steep downward correction in tech company valuations over the past 18 months.",
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      "text": "**Consumer includes the combination of “Consumer staples” and “Consumer products and services” sectors. 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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      "text": "Energy stayed ahead by proceeds, with four of the top 10 IPOs in Q1 2023",
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