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November 14, 2019 Why IPO backlog grows as global IPO market slows further in Q3 2019 The backlog of high-quality IPOs continues to grow as issuers wait for more favorable market conditions. IPO activity has fallen across many markets in Q3 2019 compared with Q3 2018. Deal numbers may be down, but average first-day returns and post-IPO performance continue to rise. An EY article provides details. | |||