Thomson Financial :: Venture-Backed IPOs Make Gains; Acquisition Activity Declines in Q1 2007

"Seventeen venture-backed companies raised $2.09 billion through initial public offerings (IPOs) on US exchanges in the first quarter of 2007, according to the Exit Poll report by Thomson Financial and the National Venture Capital Association (NVCA). This volume represents a 70 percent increase from the first quarter of 2006 when ten venture-backed companies went public. Venture-backed merger and acquisition activity declined significantly with only 62 transactions completed this quarter compared to 104 in the first quarter of 2006. However, the average disclosed deal size for the first quarter of 2007 was $161.2 million, one of the highest quarters in the last five years."