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  "documentTitle": "ey global ipo trends 2023 q4",
  "authorId": "MorganStanley",
  "authorName": "EY",
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      "text": "Consumer was the only sector to increase both IPO volume and proceeds YOY, with a total of 224 deals in 2023.",
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      "text": "Consumer includes the combination of 'Consumer staples' and 'Consumer products and services' sectors. 2023 refers to the full calendar year and covers completed IPOs from 1 January 2023 to 4 December 2023. Sources: EY analysis, Dealogic.",
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      "text": "Consumer was the only sector to increase both IPO volume and proceeds YOY, with a total of 224 deals in 2023. Consumer products such as professional, educational, employment and travel services all saw YOY upticks. Growth in agriculture IPOs reflects innovative technologies. E-commerce continues upward trajectory.",
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      "text": "Compared with other large IPO sectors, consumer products performed well in US IPO returns. Kenvue was valued at US$41b. IPOs in consumer staples in Mainland China declined due to moderate listing pace and lower valuations, shifting focus to M&A exits.",
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      "text": "IPO volume: 224",
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      "evidence": "The document highlights pockets of resurgence and reasons why 2024 may be a good time for IPOs.",
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