{
  "docId": "019dd923-5e88-73ef-bd5b-195812b02f4c",
  "docSlug": "02c616bfa1923f5e",
  "documentTitle": "cb q1 2024 ie outlook report",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 13,
  "pageCount": 15,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "key_takeaways",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 15,
  "notes": "Includes J.P. Morgan branding and PitchBook data source.",
  "elementsJson": [
    "headline_text",
    "big_number",
    "line_chart",
    "paragraph",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-195812b02f4c/13",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-195812b02f4c",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-195812b02f4c.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-195812b02f4c#slide-13",
  "components": [
    {
      "bbox": {
        "h": 0.4,
        "w": 0.12,
        "x": 0.37,
        "y": 0.24
      },
      "kind": "callout",
      "text": "2023 IPO Stats: 46 # of VC-Backed IPOs, 28% IPOs between $250M-$2B, 61% IPOs under $250M",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7b14488e-0563-49d7-9231-a8b4164517ba",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "With a high level of scrutiny and continuous performance expectations, private companies considering an IPO need to be prepared.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-2300-70cc-b439-90cc69d88360",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.4,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Select IPO cohorts returns since going public",
      "attrs": null,
      "subkind": "box",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a5bce15a-2a6a-416f-b842-3b572cd89bba",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.45,
        "x": 0.52,
        "y": 0.2
      },
      "kind": "chart",
      "text": "EV/forward revenue multiple trend of select IPO cohorts",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "55c69e8b-4ec3-4385-bcd8-75282de8489c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "EV/forward revenue multiple: 46",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-2300-70cc-b439-943724dc2843",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.45,
        "x": 0.52,
        "y": 0.7
      },
      "kind": "paragraph",
      "text": "IMPLICATIONS: With a high level of scrutiny and continuous performance expectations, private companies considering an IPO need to be prepared.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "74605458-b865-440f-8e20-ad18589f6f16",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.45,
        "x": 0.05,
        "y": 0.7
      },
      "kind": "paragraph",
      "text": "TRENDS: For IPOs, investors need to be confident in the mid- to long-term performance of the companies going public. Based on the performance to date of prior VC-backed IPO cohorts, the evidence is not there (yet).",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c8afa8db-4daf-4e62-bd50-e7cd32416ef5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.15,
        "y": 0.96
      },
      "kind": "source-note",
      "text": "Source: All facts and figures based on PitchBook data.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dedf0154-6ab6-4b7f-b2cd-af7e026ac49e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Venture-backed IPOs have largely underperformed",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f89eb825-2b5f-40e1-a058-644d1ba225ff",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "a385bb6f-55ec-42b7-a58d-6f50e8a60459",
      "evidence": "chart/line: EV/forward revenue multiple trend of select IPO cohorts",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 14,
      "from": 13,
      "beatId": "d6298898-0f08-49a3-845e-0c69d6b9f994",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Visualization",
      "beatSlug": "monroes-sequence-visualization",
      "evidence": "The key takeaways and market landscape slides help visualize the challenges and opportunities",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}