New York – Exit activity is rising among U.S. venture-backed
companies, according to new figures released by Dow Jones VentureSource.
During
the recently completed third quarter, 102 companies made exits through mergers,
acquisitions or buyouts, netting $5.7 billion — up from 97 exits that raised
$3.3 billion a year ago.
Another nine companies raised $723 million through
initial public offerings (IPOs), up from two that raised $451 million.
"The
exit markets have seen steady activity this year and solid gains over 2009’s
dismal numbers," said Jessica Canning, global research director for Dow
Jones VentureSource.
"Private markets deal activity is benefiting from
acquisitions by traditional corporate acquirers as well as venture-backed
companies such as Facebook and LinkedIn which are making strategic
acquisitions."
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