New York – Exit activity for venture-backed companies in
2010 moved closer to levels seen prior to the economic downturn, according to
new figures from Dow Jones VentureSource.
All told, 514 companies achieved
liquidity during the year, a 25% increase in exits from 2009.
together netted $39.3 billion, up 72% from 2009, but still dramatically behind
the $69.1 billion netted in 2007.
"Exit activity is staging a comeback but
capital netted lagged as large M&As and IPOs were still uncommon in
2010," said Jessica Canning, director of global research for Dow Jones
"While it isn’t clear if companies with blockbuster
potential — like Facebook and Groupon — will come to market in 2011, there is
a healthy IPO pipeline."
Currently, 44 companies are registered to go
public, up from 25 at this time last year.