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  "documentTitle": "ey global ipo trends q4 2019",
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  "notes": "Includes data on cross-border IPOs, transaction sizes, and destination/origin countries.",
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      "kind": "callout",
      "text": "Despite an overall drop in cross-border IPO activity globally in 2019, China is still the most active source of outbound cross-border IPOs. Inbound, Hong Kong remains a popular cross-border destination behind the US, with 21 foreign issuers choosing to list on HKEx.",
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      "text": "Mainland China and Hong Kong issuers' cross-border activity",
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      "kind": "disclaimer",
      "text": "There were 361 IPOs by Greater China issuers in 2019. There were 89 cross-border IPOs globally in 2019.",
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      "text": "Outbound and Inbound IPO counts and destinations/origins",
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      "text": "IPO count: 28",
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      "text": "Trends",
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      "name": "Golden Circle",
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