The Venture-Backed IPO Pokes Its Head Out Of The Water In 2nd Quarter, M&A Still Meh
July 01, 2009 at 07:30 AM EDT
After four quarters in which venture-backed IPOs have been dead in the water, a handful finally poked their heads up in the second quarter. The National Venture Capital Association counted five IPOs during the quarter, including DigitalGlobe ($279 million raised), SolarWinds ($152 million), and OpenTable ($60 million). A total of $721 million was raised. Just for a little context, two years ago during the same period, there were 25 IPOs which raised $4.15 billion. So don't call it a comeback just yet. But any activity is a sign of hope. And this was the most active period since the fourth quarter of 2007. Will it keep building, or will IPO candidates duck their heads back under water?