{ "docId": "019dd923-5e88-73ef-bd58-dc60a93c3154", "docSlug": "48a731e2d1ddcc99", "documentTitle": "ey global ipo trends q4 2019", "authorId": "MorganStanley", "authorName": "EY", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "equity_research", "sourceTypeLabel": "Equity research", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.778, "pageNumber": 22, "pageCount": 36, "prevPage": 21, "nextPage": 23, "slideType": "ceo_quote", "function": "summarize", "density": "overcrowded", "nDataPoints": 1, "notes": "The slide uses a sailing metaphor to illustrate market conditions.", "elementsJson": [ "headline_text", "quote_block", "photo" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5e88-73ef-bd58-dc60a93c3154/22", "deckHref": "/decks/019dd923-5e88-73ef-bd58-dc60a93c3154", "deckJsonHref": "/decks/019dd923-5e88-73ef-bd58-dc60a93c3154.json", "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd58-dc60a93c3154#slide-22", "components": [ { "bbox": null, "kind": "callout", "text": "As the disruptive headwinds that dampened IPO activity subside, we anticipate a positive impact on investor sentiments for IPOs and a modest upturn of IPO activity in EMEIA in 2020.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-3408-77db-b484-46943f0b9a34", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 1, "w": 1, "x": 0, "y": 0 }, "kind": "image", "text": null, "attrs": null, "subkind": "photo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "500da8e2-b951-478d-83d4-56b6a263f2e8", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "IPO proceeds: 14%", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd952-3408-77db-b484-4e5625a91707", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.2, "x": 0.04, "y": 0.82 }, "kind": "paragraph", "text": "Dr. Martin Steinbach\nEY EMEIA IPO Leader", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "aa565b13-4a41-4c3b-ae02-6e203bf660df", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.4, "w": 0.65, "x": 0.04, "y": 0.38 }, "kind": "quote", "text": "EMEIA welcomed the largest ever IPO with Saudi Aramco, that helped drive an increase of 14% in IPO proceeds for the year. As the disruptive headwinds that dampened IPO activity subside, we anticipate a positive impact on investor sentiments for IPOs and a modest upturn of IPO activity in EMEIA in 2020. Overall, we expect investors to be more selective in their choice of high-quality equity stories. In addition, owners and C-suite of IPO bound companies continue to face volatile markets. They will need to prepare early and have a holistic approach to be IPO ready in order to act quickly when narrow IPO windows open.", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bf2c1351-53e6-44cc-a11c-28ef7dde54d6", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "EMEIA welcomed the largest ever IPO with Saudi Aramco, that helped drive an increase of 14% in IPO proceeds for the year. As the disruptive headwinds that dampened IPO activity subside, we anticipate a positive impact on investor sentiments for IPOs and a modest upturn of IPO activity in EMEIA in 2020. Overall, we expect investors to be more selective in their choice of high-quality equity stories. In addition, owners and C-suite of IPO bound companies continue to face volatile markets. They will need to prepare early and have a holistic approach to be IPO ready in order to act quickly when narrow IPO windows open. — Dr. Martin Steinbach, EY EMEIA IPO Leader", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-3408-77db-b484-487629f4032d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.55, "x": 0.04, "y": 0.14 }, "kind": "title", "text": "Shifting geopolitical winds will send IPO activity higher in 2020", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "18037cf0-5434-4ecb-ad27-6878b7f2eac2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.4, "x": 0.04, "y": 0.08 }, "kind": "title", "text": "Europe, Middle East, India and Africa", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a6372b17-d4a3-4d46-9465-e45ca540cb9b", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 28, "from": 20, "beatId": "f5bfee6a-a0b9-44e4-8b35-19bd4ad9f001", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "New Bliss", "beatSlug": "sparkline-new-bliss", "evidence": "The document highlights favorable conditions for a healthy IPO market in 2020", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [ { "to": 28, "from": 3, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "60a54dce-003d-4e46-8e3e-33bdde4d9b06", "evidence": "The document implicitly follows the Golden Circle by explaining the context (why) of the IPO market, the current state (what), and providing insights (how)", "position": 0, "objective": "To understand the why, what, and how of the current IPO market trends", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.7, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }