Tags: Venture | IPO | High | Quarter

Venture-backed IPOs Hit a 5-year High in 1st Quarter

Wednesday, 02 April 2014 05:10 PM

Underscoring investor appetite for start-ups, venture-capital backed companies held 36 initial public offerings in the first quarter, more than any quarter for at least five years.

The IPOs raised $3.27 billion, more than four times the amount in the first quarter of 2013, according to the National Venture Capital Association. For venture-backed companies, the quarter was one of the strongest in recent years, topped only by periods when outsized IPOs dominated markets.

Those included Twitter Inc, which raised $2.1 billion in November, Facebook Inc's $16 billion in May 2012 and Yandex NV raising $1.3 billion in May 2011. Before that, Google Inc, which raised $1.7 billion in 2004, held the record for the largest venture-backed IPO.

Healthcare-software company Castlight held last quarter's largest venture-backed IPO, raising $204.2 million. Of the 36 offerings, two dozen were life-sciences companies.

The NVCA also said that 105 venture-backed companies were acquired by others. Of the 29 that reported transaction values, the average deal size was $259.2 million.

© 2021 Thomson/Reuters. All rights reserved.


InvestingAnalysis
Underscoring investor appetite for start-ups, venture-capital backed companies held 36 initial public offerings in the first quarter, more than any quarter for at least five years.
Venture,IPO,High,Quarter
163
2014-10-02
Wednesday, 02 April 2014 05:10 PM
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