Venture Firms Delay IPO Payouts, Prefer to File in Secret: Report
Public stock offerings of companies originally funded by venture capital investments dipped by more than half in the first quarter of 2013, and many expect the companies to wait until the end of the year to go public, according to a study from the National Venture Capital Association and Thomson Reuters.
Public stock offerings of companies originally funded by venture capital investments dipped by more than half in the first quarter of 2013, and many expect the companies to wait until the end of the year to go public, according to a study from the National Venture Capital Association and Thomson Reuters.
Just eight venture-funded enterprises went public in the first quarter, bringing in $672 million. Six of the eight were technology companies.
With a dollar amount lower than any since 2008, NVCA says investment firms delayed public offerings due to uncertainty about tax policy and sequestration.
In the remainder of 2013, the pace of IPOs will likely pick up, according to the report.
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