Monday, July 2, 2007

Venture-backed IPOs Gain, Acquisitions Slip In Q2

Thomson Financial and the National Venture Capital Association (NVCA) announced today that venture backed IPOs saw an increase in Q2, while merger and acquisitions activity declined in the quarter. THe firms released an "Exit Poll" report on the market, finding that there was $4.27B raised in initial public offerings in the second quarter, more than double the amount raised in the same period last year. However, the study also found that merger and acquisition activity declined compared with last year, with only 67 transactions versus 95 completed a year ago. The most active sector for IPOs was Medical/Health, followed by Semiconductors and the Internet companies. Locally, Los Angeles and San Diego saw a single IPO each in Q2, out of a total of 26 IPOs in the U.S. market.