VC-Backed Companies Double Number of IPOs in 2nd Qtr

London -- The latest report by VentureOne shows a marked increase in
the number of venture-capital-backed companies in Europe completing
initial public offerings (IPOs) in the second quarter of this year.
VentureOne's "European Liquidity Report" found that 14 VC-backed
companies floated on the stock market, twice as many as occurred in
the same quarter last year and the highest total in the last five years.
What's more, the companies in question raised a total of 313.5 million
euro, a remarkable 139% year-on-year increase. "While IPOs in the
U.S. declined considerably this quarter, in Europe, a small but
significant IPO window remains open for the most promising
entrepreneurial companies, although they are taking longer to reach this
exit," said VentureOne International Research Director Steve
Harmston, who added that about 60% of the exiting companies were
initially financed in 1999 or 2000.
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