Tuesday, July 1, 2008

No VC Backed IPOs In Q2

Dow Jones VentureSource released figures Tuesday, saying that there were no initial public offerings from venture backed companies in Q2, the worst quarter since 2003. Dow Jones said that we are in the midst of the second-longest IPO drought since it started tracking the venture capital industry in 1992. Among tidbits from the report: 10 companies withdrew their IPO registration this quarter, overall liquidity is down 47 percent from the same period last year, and M&A activity only totaled $4.7B.