{
  "docId": "019dd923-5e88-73ef-bd59-5e15406d36bf",
  "docSlug": "0a9509eeacc4e70d",
  "documentTitle": "ey global ipo trends 2023 q4",
  "authorId": "MorganStanley",
  "authorName": "EY",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 41,
  "pageCount": 47,
  "prevPage": 40,
  "nextPage": 42,
  "slideType": "initiative_list",
  "function": "recommend",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses a background image of a cyclist on a hill, likely metaphorically representing the challenging path to an IPO.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "photo"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd59-5e15406d36bf/41",
  "deckHref": "/decks/019dd923-5e88-73ef-bd59-5e15406d36bf",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd59-5e15406d36bf.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd59-5e15406d36bf#slide-41",
  "components": [
    {
      "bbox": {
        "h": 1,
        "w": 1,
        "x": 0,
        "y": 0
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "23839e50-2d97-4b83-85c4-c9ef77955abb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.15,
        "x": 0.35,
        "y": 0.15
      },
      "kind": "list",
      "text": "Conduct extensive pre-marketing and pre-IPO funding, complete with cornerstone investors, to mitigate uncertainty and improve pricing leverage.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "05fa22bc-0185-4398-871e-8eaa9cb4b734",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.15,
        "x": 0.5,
        "y": 0.15
      },
      "kind": "list",
      "text": "Consider the impact of geopolitical risks (Russia-Ukraine war, trade sanctions and US-China tensions), macroeconomic factors (inflation and interest rates) and a changing regulatory environment (stock exchange reforms, securities regulations and ESG requirements).",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "743cfbeb-a6a8-444f-bbf9-cd40f8607e5f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.15,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "list",
      "text": "Demonstrate resilience with innovative business models, agility in navigating supply chain constraints, macroeconomic challenges, strong working capital management and adapting to new ways of doing business post-pandemic.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "850cc954-ce5d-4262-abc4-0fc75f8c422d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.15,
        "x": 0.65,
        "y": 0.15
      },
      "kind": "list",
      "text": "Be able to clearly articulate an embedded ESG strategy and culture, from climate change mitigation initiatives to promoting board and management diversity.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "858a190c-ca8d-4bd9-89cc-9e4597108b4e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.15,
        "x": 0.8,
        "y": 0.15
      },
      "kind": "list",
      "text": "Consider all options, from an alternative IPO process (direct listing or dual and secondary listings) to other financing methods (private capital, debt or trade sale).",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8884bfd3-7533-465f-b6eb-38c94585bb22",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.15,
        "x": 0.2,
        "y": 0.15
      },
      "kind": "list",
      "text": "Be realistic and flexible about a lower valuation, given the poor post-IPO share price performance and increasing interest rates, and be well-prepared to seize on the windows of opportunity when they open.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ef565955-eb77-41d7-99b4-ef4302e3c698",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.7,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "IPO candidates looking to go public will need to be well-prepared",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6572ba84-0f15-4c4e-8ef3-3c38d1eae323",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "18968fa9-ecec-4eea-b822-cf9c6dfeedfb",
      "evidence": "list/bullet: Consider the impact of geopolitical risks (Russia-Ukraine war, trade sanctions and US-China tensions), macroeconomic factors (inflation and interest rates) and a changing regulatory environment (stock exchange",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 45,
      "from": 40,
      "beatId": "908af7f4-4577-441c-be21-b04a36d62976",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "The document provides actionable insights and key factors to consider for IPO candidates, satisfying the reader's need for practical information.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}