(Reuters) - Initial public offerings for venture-backed companies slowed in the second quarter but the value of the transactions climbed to nearly $5 billion on the back of some outsized deals, making it one of the strongest quarters in recent years.
Data from the National Venture Capital Association (NVCA) showed 28 venture-backed IPOs last quarter, down from 37 in the first quarter. But they raised a total of $4.93 billion, up from $3.4 billion in the first quarter and more than double the $2.25 billion in the year-earlier period.
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To read the original article: Venture-backed IPOs raise $4.93 billion in second quarter | Reuters
