NEW YORK (TheStreet) -- Some venture-backed private companies have been taking their sweet time to going public lately, but with the recent market roller coaster, will they now rush toward an exit?
Onlookers have marveled for months at the eye-popping valuations coming out of the venture capital industry. According to The Wall Street Journal, there are currently 115 venture capital-backed private companies valued at more than $1 billion, including ride sharing app operator Uber, which is valued at more than $50 billion, and travel booking platform Airbnb, worth over $25 billion. According to data from Preqin, a provider of data and intelligence on alternative assets, there have been a total of 1,066 venture capital-backed initial public offerings since 2007, valued at an aggregate $148.3 billion. In 2015 already, there have been 123 such IPOs totaling $9.5 billion.
