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  "documentTitle": "ey global ipo trends 2023 q4",
  "authorId": "MorganStanley",
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      "text": "Broadly, the year ahead hinges on improving macro backdrop for an IPO revival as companies eagerly await more favorable market conditions to widen the IPO windows.",
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      "text": "Globally, moderating inflation and potential 2024 interest rate cuts could attract investors back to IPOs by improving liquidity and return outlooks. However, sustained geopolitical instability may undermine confidence. Broadly, the year ahead hinges on improving macro backdrop for an IPO revival as companies eagerly await more favorable market conditions to widen the IPO windows.",
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      "text": "The global IPO market in 2023 has experienced some noticeable shifts. Improved Western market sentiment was counterbalanced by China's cool-down, while a rise in developing market small-cap deals contrasted with lackluster performance of large offerings in developed nations. Overall IPO proceeds in 2023 lag 2022's lukewarm pace by roughly a third, although deal volumes have picked up in both the Americas and EMEIA regions.",
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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). 2022 refers to the full calendar year and covers completed IPOs from 1 January 2022 to 31 December 2022. Source: Dealogic.",
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      "text": "2023 review",
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      "text": "2024 outlook",
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