Venture-backed companies are showing themselves to be a formidable force on US exchanges in the second quarter, with 19 appearing for the first time by way of initial public offerings.
The combined IPOs garnered a total $2.0 billion during the second quarter of 2006, according to Thomson Financial and the National Venture Capital Association.
This volume represents a 90% jump from the first quarter of 2006 when ten venture-backed companies went public.
It is also nearly double last year’s second quarter volume when ten companies went public.
Venture-backed companies also accounted for 86 venture-backed acquisitions with a total disclosed value of more than $3.2 billion reported for the second quarter.
While acquisitions were down from the first quarter of 2006, the second quarter reports were similar to 2005 quarterly activity.
Acquisition deals brought in an average $95.4 million, down slightly from first quarter’s average, but comparable to the average deal size for 2005.