VC-Backed IPOs Plummet 64% in Q3 while M&A Jumps 58%
As expected, third quarter VC-backed IPO results were dismal. Only five VC-backed companies went public in third quarter, raising $442.9 million. This is down roughly 64% from the same time period in 2010 when 14 IPOs raised $1.2 billion, according to data from Thomson Reuters and the National Venture Capital Association. In fact, Q3's results are the worst time period for VC-backed offerings since Q4 of 2009, when four IPOs totaled $349.3 million. Four of the IPOs--Tudou.com, Zillow, Tangoe, and Carbonite-- were in the IT sector, Thomson Reuters/NVCA said. Only Horizon Pharma, which raised $49.5 million in July, was the sole non-IT offering.
3 October 2011•2 mins read
