New York – Eight
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.
the most active quarter for IPOs since the fourth quarter of 2007.
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.
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.