The EY Global IPO Trends report for the first quarter of 2020 noted how global IPO activity dropped dramatically in March, due to the pandemic. So the report considers IPO activity would not improve “at the earliest” until the second half of 2020. And it seems to have hit the mark, with the Dutch company Jacobs Douwe Egberts (JDE), the world’s second largest coffee producer started trading last week. It is the first major IPO of 2020, raising a total of €2.25 billion.