Monday, July 2, 2007

Bay Area Leads In IPO Activity

Thomson Financial and the National Venture Capital Association reported this morning that venture-backed IPOs gained in Q2, while merger and acquisition activity declined. The Bay Area, along with Boston, led the nation in terms of the number of IPOs. According to the Thomson/NVCA study, twenty-six venture-backed companies raised $4.27B in IPOs in Q2. Of those, the Bay Area had six companies raising a total of $608M in initial public offerings. However, the study found that merger and acquisition activity declined in the quarter, with only 67 merger and acquisition transactions, compared with 95 in the second quarter of last year.