The initial public offering market for venture-backed companies in the first quarter was the strongest since 2007, according to a report by Thomson Reuters and the National Venture Capital Association.
Fourteen VC-backed IPOs occurred in the first quarter, with companies raising an average of $98.3 million. The total amount raised was $1.37 billion. Coupled with a strong acquisition market, the results showed that venture capitalists are finally getting some decent exits as the tech industry recovers from the recession.
During the quarter, 109 venture-backed companies were acquired. Of the 45 deals where the acquisition price was disclosed, the total purchase prices added up to $5.9 billion.
To read the full, original article click on this link: Q1 venture-backed IPOs strongest since 2007 | VentureBeat
Author: Dean Takahashi
