The IPO pipeline fattened considerably in the first quarter, especially among smaller companies, according to a quarterly report from Ernst & Young LLP.
In the first quarter there were 49 new IPO registrants, leading to a backlog of 80 deals seeking $11.4 billion. That compares with a pipeline of 54 deals seeking $10.3 billion in the fourth quarter. Also in the first quarter, 27 issues went effective, with 20 of those deals in the pipeline for less than six months.
The IPO activity is tilting toward smaller companies, Ernst & Young said. Of the deals in the pipeline, 26 of them seek $100 million or less. That’s a bright sign for the venture capital industry, which has found it hard in the past decade to get smaller high-tech companies to the public markets.
To read the full, original article click on this link: IPO Pipeline Tilting Toward Smaller Companies, Says E&Y - Venture Capital Dispatch - WSJ
Author: Scott Austin
