New York – Eight
venture-backed U.S.
companies raised $711 million by going public during the first three months of
this year, matching the number of initial public offerings (IPOs) that occurred
in all of 2009, according to a new report by Dow Jones VentureSource.
It marked
the most active quarter for IPOs since the fourth quarter of 2007.
"After
two difficult, nearly dormant years for IPOs, venture-backed companies started
2010 with a strong showing in the public market," said Jessica Canning,
the global research director for Dow Jones VentureSource.
"With investors
looking to take advantage of the open IPO window and 44 U.S. venture-backed companies in
IPO registration, 2010 will be an active year as long as the public markets
continue showing interest in venture-backed offerings."
In addition, 77
companies either merged or were acquired during the period, equal to the first
quarter last year.
Related Links:
http://www.dowjones.com/pressroom/SMPRs/PM/1Q10USLiquidity.html
