VC-Backed IPO Pipeline Springs A Leak

The VC-backed IPO pipeline was drained over the past month, with five VC-backed companies going public and two more withdrawing their offerings. Those companies represented around $1 billion in planned raise, while the month's two new registrants only plan to raise a total of $215 million. There also were two China-based issuers who both filed and priced within the month (HiSoft and AutoNavi). All of this means the current VC-backed IPO pipeline has 39 companies seeking to raise nearly $3.4 billion. That's the lowest dollar expectation since we began keeping track back in January. The full pipeline is after the jump..

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