Venture-Backed IPO Market Shows Signs of Life in Third Quart

Nine venture-backed companies completed IPOs in the third quarter of 2003 worth $732.8 million, marking an increase from the previous four quarters which saw only eight total IPOs. There are currently 35 venture-backed companies registered with the SEC preparing for upcoming IPOs, indicating increased future activity. Strong exit markets through IPOs are important to the long-term health of the venture capital industry. The third quarter saw increased offering sizes and post-offering values from IPOs, both at their highest levels since 2002.