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Article: Venture-Backed IPO Volume Plummeted in Q3 2006.
- Article from:
- PR Newswire
- Article date:
- October 3, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Acquisitions Also Slowed Considerably According to Exit Poll Release
NEW YORK, Oct. 3 /PRNewswire-FirstCall/ -- Only eight venture-backed companies raised $934.2 million through Initial Public Offerings (IPOs) in the third quarter of 2006 reflecting the slowest quarter since 2003, according to the Exit Poll report by Thomson Financial and the National Venture Capital Association (NVCA). This figure represents a significant decrease from the second quarter of 2006 when nineteen venture-backed companies went public and raised more than $2 billion. The results continue to disappoint when comparing the statistics to the same period last year, when nineteen ...