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  "documentTitle": "ey global ipo trends 2023 q4",
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      "text": "Small cross-border listings outperforming larger offerings in after-market returns.",
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      "text": "% of IPOs with current prices above their offer prices",
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      "kind": "paragraph",
      "text": "The competition to capture cross-border listings has become increasingly intense. Stock exchanges worldwide are ramping up their efforts to secure the next generation of high-growth, innovative companies...",
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      "text": "Categorization thresholds denote \"Mega IPOs\" as proceeds exceeding US$1b; \"Large IPOs\" between US$500m and US$500m; and \"Small IPOs\" raising less than US$250m. Sources: EY analysis, The EY CEO Outlook Pulse survey January 2023, Dealogic.",
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