New public offerings fall in 2008

By Active Trader Staff
There were no venture-backed IPOs in the second quarter of this year — the first time this has occurred since 1978, according to a survey conducted by the National Venture Capital Association (NVCA) and Reuters. There have been a total of 23 IPOs in 2008 through the end of June, with only five venture-backed companies going public in the first quarter. By contrast, the third quarter of 2007 was one of the heaviest in recent years, with 31 venture-backed IPOs.


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