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      "text": "Special purpose acquisition companies (SPACs) continued to retreat in 2023.",
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      "text": "2023 refers to the full calendar year and covers completed IPOs from 1 January 2023 to 4 December 2023, plus expected IPOs by 31 December 2023 (forecasted as of 4 December 2023). SPAC IPO covers completed SPAC IPOs from 1 January 2023 to 4 December 2023. Sources: EY analysis, Dealogic, SPACInsider.",
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      "text": "Special purpose acquisition companies (SPACs) continued to retreat in 2023. 29 SPAC IPOs raised US$3.7b in 2023, vs. 86 SPAC IPOs raising US$13.4b in 2022. There are currently more than 140 active SPACs seeking a merger partner, with 132 SPACs announcing mergers in 2023.",
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      "text": "Brazil's IPO market surpassed a two-year absence of listings amid global instabilities... Despite a continued drought in IPOs, follow-on offerings built a good momentum in 2023... Power and utilities and technology segments continue to be the focus",
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