Nada, zero, zilch: that’s the number of IPOs launched by U.S. venture-backed
companies in the second quarter of 2008, according to a Dow
Jones VentureSource report in late August.
That’s the first IPO goose
egg in five years, reflecting the second-longest running drought since 1992,
with no IPOs for 103 days. The longest IPO drought lasted 145 days, from Dec.
18, 2002, through May 12, 2003.
It coincides with a steep year-over-year
decline in New England venture-backed financings in the second quarter, which
dropped 22.4 percent in value and 31 percent in number of deals.
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