For a while, I was optimistic that 2011 would be a good year for venture capital-backed IPOs, and it wasn’t just wishful thinking. There were 72 VC-backed IPOs last year—six times as many as in 2009. The year ended with a bang and 2011 got off to a good start. In the first half of 2011, there were 36 IPOs, right on target for at least a replay of 2010.
Lately, however, I have parked my optimism at the side of the road.
Our high jobless rate has not budged, housing remains in the tank, and the sovereign debt crisis in Europe now threatens the United States. In addition, the U.S. government’s debt load grows more out of control every day. And, of course, we have stalemate over fiscal policy in Washington.
To read the full, original article click on this link: IPOs Look Dicey, But Private Equity May Pick Up Some Of The Slack | Xconomy
Author:Randy Hawks
