SlideShare une entreprise Scribd logo
1  sur  3
Télécharger pour lire hors ligne
Channa Luma, The Weiser Group for NVCA, 202-641-6959, cluma@weisergroup.com
Joshua Radler, Thomson Venture Economics, 212-806-3146, Joshua.radler@thomson.com

                   Venture-Backed IPO Market Remained Weak in Q2 2005

               Economic Concerns Raised as More Companies Look to Alternatives

New York, NY- June 30, 2005—Venture-backed companies exhibited a continued hesitancy towards the
Initial Public Offering (IPO) market in the second quarter of 2005 with only ten venture-backed companies
raising $714.1 million, according to Thomson Venture Economics and the National Venture Capital
Association (NVCA). This was a slight decrease in value from the first quarter, when ten venture-backed
companies raised $720.7 million on the U.S. public markets. It is also the lowest total offer amount since
the second quarter of 2003.

                                  Analysis of Recent Quarters IPOs

                                                         Total      Average        Total     Average
                                                       Venture      Venture     Venture      Venture
                                                       Backed        Backed      Backed       Backed
                                         Number of
                                           Venture       Offer    IPO Offer         Post         Post
                             Number        Backed      Amount       Amount     Offering     Offering
                             of IPOs
          Year/Quarter                                   ($M)          ($M)   Value($M)    Value($M)
                                             IPOs
                                     5           1         77.2        77.2        147.8        147.8
          2003-1
                                     5           2       164.0         82.0        695.3        347.6
          2003-2
                                   20            9       732.8         81.4      3,064.5        340.5
          2003-3
                                   52           17      1,048.7        61.7      4,349.9        255.9
          2003-4
                                               29      2,022.7        69.7      8,257.5        284.7
                      2003         82
                                   42           13      2,721.1       209.3     10,575.0        813.5
          2004-1
                                   58           29      2,077.8        71.6      8,930.4        307.9
          2004-2
                                   64           24      3,225.6       134.4     29,596.8       1233.2
          2004-3
                                   82           27      2,990.4       110.8     11,985.4        443.9
          2004-4
                      2004        246           93     11,014.9       118.4     61,087.6        656.9
                                   43           10       720.7         72.1      3,077.5        307.8
          2005-1
                                   48          10        714.1        71.5      2,244.5        224.5
          2005-2
                                               20      1,434.8        71.7      5,322.0        266.1
                      2005         91
         Thomson Venture Economics & National Venture Capital Association

“Two consecutive quarters at these lower levels begins to get concerning from a macroeconomic
standpoint,” said Mark Heesen, president of the National Venture Capital Association. “The mergers and
acquisitions market for venture backed companies continues to show signs of strength which helps to
balance the lackluster IPO market. However, a pipeline of new, public companies is critical to job and
revenue creation here in the US. We would like to see these numbers improve in the second half of the
year, but what we are hearing is that the regulatory and market hurdles remain high. In many instances,
companies are favoring other alternatives such as seeking an acquisition strategy or just treading water.”
The largest IPO of the quarter was China Techfaith Wireless Communication Technology’s $141.8 million
offering. China Techfaith Wireless was backed by Intel Capital, HSBC Private Equity, Global Strategic
Investment Fund, and Qualcomm Ventures. China Techfaith Wireless was one of only two Technology
companies to go public this quarter, compared to five that went public in the first quarter.

The Life Sciences sector had six venture-backed IPOs raise a total of $283.1 million in the second quarter.
The largest IPO in the Life Sciences sector was LHC Group, LLC, which raised $67.2 million and was
backed by Catalyst Group. The second largest Life Sciences IPO was DexCom, Inc., which raised $56.4
million and was backed by St. Paul Venture Capital, Canaan Partners, Warburg Pincus, Kaufmann Fund,
and RWI Group.

                                     Q2 IPO Industry Breakdown

                                                            Number Total
                                                            of          Venture
                                                            Venture Backed
                                                            Backed Offering
                                                            IPO's in Size
                                                            the U.S. ($M)
                                  Industry
                                  Communications/Media              1      141.8
                    Technology Semiconductors                       1        70.4
                                  TOTAL                             2      212.2
                                  Biotechnology                     1        52.5
                        Life
                                  Medical/Health                    5      230.6
                     Sciences
                                  TOTAL                             6      283.1
                                  Non-high Technology               2      218.8
                       Other
                                  TOTAL                             2      218.8
                  Thomson Venture Economics & National Venture Capital Association

In addition to the IPOs completed this quarter, there are currently 38 venture-backed companies “in
registration” with the Securities and Exchange Commission. These companies have filed with the SEC in
2004 or 2005 and are now preparing for their initial public offerings. This is the same number of
companies that were in registration at the end of Q1 2005. For the rolling 12 month period ending June 29,
2005, 60% of the companies that went public are currently trading above their offering price.

Thomson Venture Economics, a Thomson Financial company, is the foremost information provider for
equity professionals worldwide. Venture Economics offers an unparalleled range of products from
directories to conferences, journals, newsletters, research reports, and the VentureXpert™ database. For
over 40 years, Venture Economics has been tracking the venture capital and buyouts industry. Since 1961,
it has been a recognized source for comprehensive analysis of investment activity and performance of the
private equity industry. Venture Economics maintains a long-standing relationship within the private equity
investment community, in-depth industry knowledge, and proprietary research techniques. Private equity
managers and institutional investors alike consider Venture Economics information to be the industry
standard. For more information about Venture Economics, please visit www.ventureeconomics.com.

Thomson Financial
Thomson Financial is a US$1.73 billion provider of information and technology solutions to the worldwide
financial community. Through the widest range of products and services in the industry, Thomson
Financial helps clients in more than 70 countries make better decisions, be more productive and achieve
superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global
leader in providing integrated information solutions to more than 20 million business and professional
customers in the fields of law, tax, accounting, financial services, higher education, reference information,
corporate e-learning and assessment, scientific research and healthcare. With revenues of US$8.10 billion,
The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE:
TOC; TSX: TOC).

The National Venture Capital Association (NVCA) represents approximately 460 venture capital and
private equity firms. NVCA's mission is to foster greater understanding of the importance of venture capital
to the U.S. economy, and support entrepreneurial activity and innovation. According to a 2004 Global
Insight study, venture-backed companies accounted for 10.1 million jobs and $1.8 trillion in revenue in the
United States in 2003. The NVCA represents the public policy interests of the venture capital community,
strives to maintain high professional standards, provides reliable industry data, sponsors professional
development, and facilitates interaction among its members. For more information about the NVCA, please
visit www.nvca.org.

Contenu connexe

Tendances

Venture Backed M&A's Q1 2005
Venture Backed M&A's Q1 2005 Venture Backed M&A's Q1 2005
Venture Backed M&A's Q1 2005 mensa25
 
Keynote capitals india morning note march 07-12
Keynote capitals india morning note march 07-12Keynote capitals india morning note march 07-12
Keynote capitals india morning note march 07-12Keynote Capitals Ltd.
 
Daily Newsletter for 1st November, 2010
Daily Newsletter for 1st November, 2010Daily Newsletter for 1st November, 2010
Daily Newsletter for 1st November, 2010Fullerton Securities
 
Daily report 2 dec 2019
Daily report 2 dec 2019Daily report 2 dec 2019
Daily report 2 dec 2019AnkitDubey174
 
Daily Market Newsletter : 19th November 2010
Daily Market Newsletter : 19th November 2010Daily Market Newsletter : 19th November 2010
Daily Market Newsletter : 19th November 2010Fullerton Securities
 
Keynote capitals india morning note march 1-'12
Keynote capitals india morning note march 1-'12Keynote capitals india morning note march 1-'12
Keynote capitals india morning note march 1-'12Keynote Capitals Ltd.
 
Keynote capitals india morning note sept. 15-'11
Keynote capitals india morning note sept. 15-'11Keynote capitals india morning note sept. 15-'11
Keynote capitals india morning note sept. 15-'11Keynote Capitals Ltd.
 
27 July Daily market report
27 July Daily market report27 July Daily market report
27 July Daily market reportQNB Group
 
Orthopedics This Week - 2020
Orthopedics This Week - 2020Orthopedics This Week - 2020
Orthopedics This Week - 2020GreggMay2
 
Special report by epic research of 01 aug 2017
Special report by epic research of 01 aug 2017Special report by epic research of 01 aug 2017
Special report by epic research of 01 aug 2017Epic Research
 
Japara (JHC) equity research initiation report - riding the silver tsunami -...
Japara (JHC) equity research initiation report  - riding the silver tsunami -...Japara (JHC) equity research initiation report  - riding the silver tsunami -...
Japara (JHC) equity research initiation report - riding the silver tsunami -...George Gabriel
 
Special report by epic research of 24 january 2018
Special report by epic research of 24 january  2018Special report by epic research of 24 january  2018
Special report by epic research of 24 january 2018Epic Research
 
Keynote capitals india morning note aug 10-'11
Keynote capitals india morning note aug 10-'11Keynote capitals india morning note aug 10-'11
Keynote capitals india morning note aug 10-'11Keynote Capitals Ltd.
 
Special report by epic research of 23 january 2018
Special report by epic research of 23 january  2018Special report by epic research of 23 january  2018
Special report by epic research of 23 january 2018Epic Research
 
Special report by epic research of 18 january 2018
Special report by epic research of 18 january  2018Special report by epic research of 18 january  2018
Special report by epic research of 18 january 2018Epic Research
 
Special report by epic research of 27 november 2017
Special report by epic research of 27 november 2017Special report by epic research of 27 november 2017
Special report by epic research of 27 november 2017Epic Research
 
Keynote capitals india morning note january 9-'12
Keynote capitals india morning note january 9-'12Keynote capitals india morning note january 9-'12
Keynote capitals india morning note january 9-'12Keynote Capitals Ltd.
 

Tendances (19)

Venture Backed M&A's Q1 2005
Venture Backed M&A's Q1 2005 Venture Backed M&A's Q1 2005
Venture Backed M&A's Q1 2005
 
Keynote capitals india morning note march 07-12
Keynote capitals india morning note march 07-12Keynote capitals india morning note march 07-12
Keynote capitals india morning note march 07-12
 
Daily Newsletter for 1st November, 2010
Daily Newsletter for 1st November, 2010Daily Newsletter for 1st November, 2010
Daily Newsletter for 1st November, 2010
 
Daily report 2 dec 2019
Daily report 2 dec 2019Daily report 2 dec 2019
Daily report 2 dec 2019
 
Daily Market Newsletter : 19th November 2010
Daily Market Newsletter : 19th November 2010Daily Market Newsletter : 19th November 2010
Daily Market Newsletter : 19th November 2010
 
Keynote capitals india morning note march 1-'12
Keynote capitals india morning note march 1-'12Keynote capitals india morning note march 1-'12
Keynote capitals india morning note march 1-'12
 
Keynote capitals india morning note sept. 15-'11
Keynote capitals india morning note sept. 15-'11Keynote capitals india morning note sept. 15-'11
Keynote capitals india morning note sept. 15-'11
 
27 July Daily market report
27 July Daily market report27 July Daily market report
27 July Daily market report
 
Orthopedics This Week - 2020
Orthopedics This Week - 2020Orthopedics This Week - 2020
Orthopedics This Week - 2020
 
Special report by epic research of 01 aug 2017
Special report by epic research of 01 aug 2017Special report by epic research of 01 aug 2017
Special report by epic research of 01 aug 2017
 
Japara (JHC) equity research initiation report - riding the silver tsunami -...
Japara (JHC) equity research initiation report  - riding the silver tsunami -...Japara (JHC) equity research initiation report  - riding the silver tsunami -...
Japara (JHC) equity research initiation report - riding the silver tsunami -...
 
Special report by epic research of 24 january 2018
Special report by epic research of 24 january  2018Special report by epic research of 24 january  2018
Special report by epic research of 24 january 2018
 
Daily Newsletter for 27th October
Daily Newsletter for 27th OctoberDaily Newsletter for 27th October
Daily Newsletter for 27th October
 
Keynote capitals india morning note aug 10-'11
Keynote capitals india morning note aug 10-'11Keynote capitals india morning note aug 10-'11
Keynote capitals india morning note aug 10-'11
 
Special report by epic research of 23 january 2018
Special report by epic research of 23 january  2018Special report by epic research of 23 january  2018
Special report by epic research of 23 january 2018
 
Special report by epic research of 18 january 2018
Special report by epic research of 18 january  2018Special report by epic research of 18 january  2018
Special report by epic research of 18 january 2018
 
Korea fund4q presentation
Korea fund4q presentationKorea fund4q presentation
Korea fund4q presentation
 
Special report by epic research of 27 november 2017
Special report by epic research of 27 november 2017Special report by epic research of 27 november 2017
Special report by epic research of 27 november 2017
 
Keynote capitals india morning note january 9-'12
Keynote capitals india morning note january 9-'12Keynote capitals india morning note january 9-'12
Keynote capitals india morning note january 9-'12
 

En vedette

Palin Report / Branchflower Report OFFICIAL FINAL Full Text with Gov.'s Press...
Palin Report / Branchflower Report OFFICIAL FINAL Full Text with Gov.'s Press...Palin Report / Branchflower Report OFFICIAL FINAL Full Text with Gov.'s Press...
Palin Report / Branchflower Report OFFICIAL FINAL Full Text with Gov.'s Press...mensa25
 
The Art Of Keyword Blasting
The Art Of Keyword BlastingThe Art Of Keyword Blasting
The Art Of Keyword BlastingAffiliate Summit
 
Top 10 Sarah Palin Look Alikes
Top 10 Sarah Palin Look AlikesTop 10 Sarah Palin Look Alikes
Top 10 Sarah Palin Look Alikesmensa25
 
Sarah Palin Troopergate Report
Sarah Palin Troopergate ReportSarah Palin Troopergate Report
Sarah Palin Troopergate Reportmensa25
 
Palin Mask
Palin MaskPalin Mask
Palin Maskmensa25
 
OSHA demolition
OSHA demolitionOSHA demolition
OSHA demolitionHni Amiera
 

En vedette (7)

explosive
explosiveexplosive
explosive
 
Palin Report / Branchflower Report OFFICIAL FINAL Full Text with Gov.'s Press...
Palin Report / Branchflower Report OFFICIAL FINAL Full Text with Gov.'s Press...Palin Report / Branchflower Report OFFICIAL FINAL Full Text with Gov.'s Press...
Palin Report / Branchflower Report OFFICIAL FINAL Full Text with Gov.'s Press...
 
The Art Of Keyword Blasting
The Art Of Keyword BlastingThe Art Of Keyword Blasting
The Art Of Keyword Blasting
 
Top 10 Sarah Palin Look Alikes
Top 10 Sarah Palin Look AlikesTop 10 Sarah Palin Look Alikes
Top 10 Sarah Palin Look Alikes
 
Sarah Palin Troopergate Report
Sarah Palin Troopergate ReportSarah Palin Troopergate Report
Sarah Palin Troopergate Report
 
Palin Mask
Palin MaskPalin Mask
Palin Mask
 
OSHA demolition
OSHA demolitionOSHA demolition
OSHA demolition
 

Similaire à VC Fundraising Q2 2005

Q3 '05 venture backed IPOs & M&As
Q3 '05 venture backed IPOs & M&As Q3 '05 venture backed IPOs & M&As
Q3 '05 venture backed IPOs & M&As mensa25
 
Q3 '05 venture backed IPOs & M&As
Q3 '05 venture backed IPOs & M&As Q3 '05 venture backed IPOs & M&As
Q3 '05 venture backed IPOs & M&As mensa25
 
Venture-backed IPO & Acquisitions Q4 05
Venture-backed IPO & Acquisitions Q4 05 Venture-backed IPO & Acquisitions Q4 05
Venture-backed IPO & Acquisitions Q4 05 mensa25
 
Venture Backed Exits - Q1 2008
  	Venture Backed Exits - Q1 2008    	Venture Backed Exits - Q1 2008
Venture Backed Exits - Q1 2008 mensa25
 
Exit Poll Release – Q4 ‘06
  	Exit Poll Release – Q4 ‘06    	Exit Poll Release – Q4 ‘06
Exit Poll Release – Q4 ‘06 mensa25
 
Venture Capital Exits Q2 2006
Venture Capital Exits Q2 2006  Venture Capital Exits Q2 2006
Venture Capital Exits Q2 2006 mensa25
 
Venture Backed Exits Q2 '07
 	Venture Backed Exits Q2 '07   	Venture Backed Exits Q2 '07
Venture Backed Exits Q2 '07 mensa25
 
Venture Backed Exits Q2 2008 - NVCA Declares Capital Crisis for Start Up C...
  	Venture Backed Exits Q2 2008 - NVCA Declares Capital Crisis for Start Up C...  	Venture Backed Exits Q2 2008 - NVCA Declares Capital Crisis for Start Up C...
Venture Backed Exits Q2 2008 - NVCA Declares Capital Crisis for Start Up C...mensa25
 
Venture Capital Exits Q3 06
  	Venture Capital Exits Q3 06    	Venture Capital Exits Q3 06
Venture Capital Exits Q3 06 mensa25
 
Venture Exits Q1 '07
 	Venture Exits Q1 '07   	Venture Exits Q1 '07
Venture Exits Q1 '07 mensa25
 
Venture Backed Exits - Q4 '07/full year 2007
 	Venture Backed Exits - Q4 '07/full year 2007   	Venture Backed Exits - Q4 '07/full year 2007
Venture Backed Exits - Q4 '07/full year 2007 mensa25
 
Venture Capital Fundraising Q1 05
Venture Capital Fundraising Q1 05 Venture Capital Fundraising Q1 05
Venture Capital Fundraising Q1 05 mensa25
 
Venture-Backed IPO Market Activity Continues to Lag
 	Venture-Backed IPO Market Activity Continues to Lag 	Venture-Backed IPO Market Activity Continues to Lag
Venture-Backed IPO Market Activity Continues to Lagmensa25
 
Venture-Backed M&A's Q2 '05
  	Venture-Backed M&A's Q2 '05   	Venture-Backed M&A's Q2 '05
Venture-Backed M&A's Q2 '05 mensa25
 
Venture-Backed M&A's Q2 '05
Venture-Backed M&A's Q2 '05 Venture-Backed M&A's Q2 '05
Venture-Backed M&A's Q2 '05 mensa25
 
VC Fundraising Q3 2005
  	VC Fundraising Q3 2005   	VC Fundraising Q3 2005
VC Fundraising Q3 2005 mensa25
 
VC Fundraising Q2 2005
  	VC Fundraising Q2 2005   	VC Fundraising Q2 2005
VC Fundraising Q2 2005 mensa25
 
Number of Venture-Backed Companies Acquired in the First Quarter of 2003 De...
 	Number of Venture-Backed Companies Acquired in the First Quarter of 2003 De... 	Number of Venture-Backed Companies Acquired in the First Quarter of 2003 De...
Number of Venture-Backed Companies Acquired in the First Quarter of 2003 De...mensa25
 
Venture Capital Fundraising Q4 04
Venture Capital Fundraising Q4 04Venture Capital Fundraising Q4 04
Venture Capital Fundraising Q4 04mensa25
 
Venture Capital Fundraising Q4 '05
  	Venture Capital Fundraising Q4 '05   	Venture Capital Fundraising Q4 '05
Venture Capital Fundraising Q4 '05 mensa25
 

Similaire à VC Fundraising Q2 2005 (20)

Q3 '05 venture backed IPOs & M&As
Q3 '05 venture backed IPOs & M&As Q3 '05 venture backed IPOs & M&As
Q3 '05 venture backed IPOs & M&As
 
Q3 '05 venture backed IPOs & M&As
Q3 '05 venture backed IPOs & M&As Q3 '05 venture backed IPOs & M&As
Q3 '05 venture backed IPOs & M&As
 
Venture-backed IPO & Acquisitions Q4 05
Venture-backed IPO & Acquisitions Q4 05 Venture-backed IPO & Acquisitions Q4 05
Venture-backed IPO & Acquisitions Q4 05
 
Venture Backed Exits - Q1 2008
  	Venture Backed Exits - Q1 2008    	Venture Backed Exits - Q1 2008
Venture Backed Exits - Q1 2008
 
Exit Poll Release – Q4 ‘06
  	Exit Poll Release – Q4 ‘06    	Exit Poll Release – Q4 ‘06
Exit Poll Release – Q4 ‘06
 
Venture Capital Exits Q2 2006
Venture Capital Exits Q2 2006  Venture Capital Exits Q2 2006
Venture Capital Exits Q2 2006
 
Venture Backed Exits Q2 '07
 	Venture Backed Exits Q2 '07   	Venture Backed Exits Q2 '07
Venture Backed Exits Q2 '07
 
Venture Backed Exits Q2 2008 - NVCA Declares Capital Crisis for Start Up C...
  	Venture Backed Exits Q2 2008 - NVCA Declares Capital Crisis for Start Up C...  	Venture Backed Exits Q2 2008 - NVCA Declares Capital Crisis for Start Up C...
Venture Backed Exits Q2 2008 - NVCA Declares Capital Crisis for Start Up C...
 
Venture Capital Exits Q3 06
  	Venture Capital Exits Q3 06    	Venture Capital Exits Q3 06
Venture Capital Exits Q3 06
 
Venture Exits Q1 '07
 	Venture Exits Q1 '07   	Venture Exits Q1 '07
Venture Exits Q1 '07
 
Venture Backed Exits - Q4 '07/full year 2007
 	Venture Backed Exits - Q4 '07/full year 2007   	Venture Backed Exits - Q4 '07/full year 2007
Venture Backed Exits - Q4 '07/full year 2007
 
Venture Capital Fundraising Q1 05
Venture Capital Fundraising Q1 05 Venture Capital Fundraising Q1 05
Venture Capital Fundraising Q1 05
 
Venture-Backed IPO Market Activity Continues to Lag
 	Venture-Backed IPO Market Activity Continues to Lag 	Venture-Backed IPO Market Activity Continues to Lag
Venture-Backed IPO Market Activity Continues to Lag
 
Venture-Backed M&A's Q2 '05
  	Venture-Backed M&A's Q2 '05   	Venture-Backed M&A's Q2 '05
Venture-Backed M&A's Q2 '05
 
Venture-Backed M&A's Q2 '05
Venture-Backed M&A's Q2 '05 Venture-Backed M&A's Q2 '05
Venture-Backed M&A's Q2 '05
 
VC Fundraising Q3 2005
  	VC Fundraising Q3 2005   	VC Fundraising Q3 2005
VC Fundraising Q3 2005
 
VC Fundraising Q2 2005
  	VC Fundraising Q2 2005   	VC Fundraising Q2 2005
VC Fundraising Q2 2005
 
Number of Venture-Backed Companies Acquired in the First Quarter of 2003 De...
 	Number of Venture-Backed Companies Acquired in the First Quarter of 2003 De... 	Number of Venture-Backed Companies Acquired in the First Quarter of 2003 De...
Number of Venture-Backed Companies Acquired in the First Quarter of 2003 De...
 
Venture Capital Fundraising Q4 04
Venture Capital Fundraising Q4 04Venture Capital Fundraising Q4 04
Venture Capital Fundraising Q4 04
 
Venture Capital Fundraising Q4 '05
  	Venture Capital Fundraising Q4 '05   	Venture Capital Fundraising Q4 '05
Venture Capital Fundraising Q4 '05
 

Plus de mensa25

Sarah Palin Speaking At The Rnc+08
Sarah Palin Speaking At The Rnc+08Sarah Palin Speaking At The Rnc+08
Sarah Palin Speaking At The Rnc+08mensa25
 
Sarah Palin Snl Rap
Sarah Palin Snl RapSarah Palin Snl Rap
Sarah Palin Snl Rapmensa25
 
Sarah Palin September 3 2008
Sarah Palin September 3 2008Sarah Palin September 3 2008
Sarah Palin September 3 2008mensa25
 
Sarah Palin Secret Emails What Does Sarah Palin Have To Hide
Sarah Palin Secret Emails  What Does Sarah Palin Have To HideSarah Palin Secret Emails  What Does Sarah Palin Have To Hide
Sarah Palin Secret Emails What Does Sarah Palin Have To Hidemensa25
 
Sarah Palin Painting
Sarah Palin PaintingSarah Palin Painting
Sarah Palin Paintingmensa25
 
Sarah Palin In Vogue
Sarah Palin In VogueSarah Palin In Vogue
Sarah Palin In Voguemensa25
 
Sarah Palin Gop Convention Photo 2008
Sarah Palin Gop Convention Photo 2008Sarah Palin Gop Convention Photo 2008
Sarah Palin Gop Convention Photo 2008mensa25
 
Sarah Palin Being Sworn In As Governor
Sarah Palin Being Sworn In As GovernorSarah Palin Being Sworn In As Governor
Sarah Palin Being Sworn In As Governormensa25
 
Sarah Palin At Age 17
Sarah Palin At Age 17Sarah Palin At Age 17
Sarah Palin At Age 17mensa25
 
Sarah Palin As A Little Girl
Sarah Palin As A Little GirlSarah Palin As A Little Girl
Sarah Palin As A Little Girlmensa25
 
Palin Family Meets Mc Cain
Palin Family Meets Mc CainPalin Family Meets Mc Cain
Palin Family Meets Mc Cainmensa25
 
Palin Bikini Photo Was Photoshopped
Palin Bikini Photo Was PhotoshoppedPalin Bikini Photo Was Photoshopped
Palin Bikini Photo Was Photoshoppedmensa25
 
Official Photo Of Palin Family 2007
Official Photo Of Palin Family 2007Official Photo Of Palin Family 2007
Official Photo Of Palin Family 2007mensa25
 
Mc Cain Palin On Stage At Rnc September 3 2008
Mc Cain Palin On Stage At Rnc September 3 2008Mc Cain Palin On Stage At Rnc September 3 2008
Mc Cain Palin On Stage At Rnc September 3 2008mensa25
 
List Of Sarah Palin Secret Emails
List Of Sarah Palin Secret EmailsList Of Sarah Palin Secret Emails
List Of Sarah Palin Secret Emailsmensa25
 
Palin Quotes
Palin QuotesPalin Quotes
Palin Quotesmensa25
 
Mother of five fights back: Wake Up Sarah Palin
Mother of five fights back: Wake Up Sarah PalinMother of five fights back: Wake Up Sarah Palin
Mother of five fights back: Wake Up Sarah Palinmensa25
 
Sarah Palin Stats
Sarah Palin StatsSarah Palin Stats
Sarah Palin Statsmensa25
 
Strong Fund Reserves Diminish Need For Venture Capitalists to Raise Additiona...
Strong Fund Reserves Diminish Need For Venture Capitalists to Raise Additiona...Strong Fund Reserves Diminish Need For Venture Capitalists to Raise Additiona...
Strong Fund Reserves Diminish Need For Venture Capitalists to Raise Additiona...mensa25
 
Private Equity Returns Continue to be Impacted By Falling Valuations and Li...
 	Private Equity Returns Continue to be Impacted By Falling Valuations and Li... 	Private Equity Returns Continue to be Impacted By Falling Valuations and Li...
Private Equity Returns Continue to be Impacted By Falling Valuations and Li...mensa25
 

Plus de mensa25 (20)

Sarah Palin Speaking At The Rnc+08
Sarah Palin Speaking At The Rnc+08Sarah Palin Speaking At The Rnc+08
Sarah Palin Speaking At The Rnc+08
 
Sarah Palin Snl Rap
Sarah Palin Snl RapSarah Palin Snl Rap
Sarah Palin Snl Rap
 
Sarah Palin September 3 2008
Sarah Palin September 3 2008Sarah Palin September 3 2008
Sarah Palin September 3 2008
 
Sarah Palin Secret Emails What Does Sarah Palin Have To Hide
Sarah Palin Secret Emails  What Does Sarah Palin Have To HideSarah Palin Secret Emails  What Does Sarah Palin Have To Hide
Sarah Palin Secret Emails What Does Sarah Palin Have To Hide
 
Sarah Palin Painting
Sarah Palin PaintingSarah Palin Painting
Sarah Palin Painting
 
Sarah Palin In Vogue
Sarah Palin In VogueSarah Palin In Vogue
Sarah Palin In Vogue
 
Sarah Palin Gop Convention Photo 2008
Sarah Palin Gop Convention Photo 2008Sarah Palin Gop Convention Photo 2008
Sarah Palin Gop Convention Photo 2008
 
Sarah Palin Being Sworn In As Governor
Sarah Palin Being Sworn In As GovernorSarah Palin Being Sworn In As Governor
Sarah Palin Being Sworn In As Governor
 
Sarah Palin At Age 17
Sarah Palin At Age 17Sarah Palin At Age 17
Sarah Palin At Age 17
 
Sarah Palin As A Little Girl
Sarah Palin As A Little GirlSarah Palin As A Little Girl
Sarah Palin As A Little Girl
 
Palin Family Meets Mc Cain
Palin Family Meets Mc CainPalin Family Meets Mc Cain
Palin Family Meets Mc Cain
 
Palin Bikini Photo Was Photoshopped
Palin Bikini Photo Was PhotoshoppedPalin Bikini Photo Was Photoshopped
Palin Bikini Photo Was Photoshopped
 
Official Photo Of Palin Family 2007
Official Photo Of Palin Family 2007Official Photo Of Palin Family 2007
Official Photo Of Palin Family 2007
 
Mc Cain Palin On Stage At Rnc September 3 2008
Mc Cain Palin On Stage At Rnc September 3 2008Mc Cain Palin On Stage At Rnc September 3 2008
Mc Cain Palin On Stage At Rnc September 3 2008
 
List Of Sarah Palin Secret Emails
List Of Sarah Palin Secret EmailsList Of Sarah Palin Secret Emails
List Of Sarah Palin Secret Emails
 
Palin Quotes
Palin QuotesPalin Quotes
Palin Quotes
 
Mother of five fights back: Wake Up Sarah Palin
Mother of five fights back: Wake Up Sarah PalinMother of five fights back: Wake Up Sarah Palin
Mother of five fights back: Wake Up Sarah Palin
 
Sarah Palin Stats
Sarah Palin StatsSarah Palin Stats
Sarah Palin Stats
 
Strong Fund Reserves Diminish Need For Venture Capitalists to Raise Additiona...
Strong Fund Reserves Diminish Need For Venture Capitalists to Raise Additiona...Strong Fund Reserves Diminish Need For Venture Capitalists to Raise Additiona...
Strong Fund Reserves Diminish Need For Venture Capitalists to Raise Additiona...
 
Private Equity Returns Continue to be Impacted By Falling Valuations and Li...
 	Private Equity Returns Continue to be Impacted By Falling Valuations and Li... 	Private Equity Returns Continue to be Impacted By Falling Valuations and Li...
Private Equity Returns Continue to be Impacted By Falling Valuations and Li...
 

Dernier

The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...Brian Solis
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarNathanielSchmuck
 
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessQ2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessAPCO
 
PDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdfPDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdfHajeJanKamps
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinAnton Skornyakov
 
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHelene Heckrotte
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxWorkforce Group
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakEditores1
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...AustraliaChapterIIBA
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsyasinnathani
 
Lecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toLecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toumarfarooquejamali32
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsWristbands Ireland
 
Introduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxIntroduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxJemalSeid25
 
MoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor PresentationMoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor Presentationbaron83
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfSourav Sikder
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsIntellect Design Arena Ltd
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.ukaroemirsr
 

Dernier (20)

The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry Webinar
 
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessQ2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
 
PDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdfPDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdf
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup Berlin
 
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerak
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story points
 
Lecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toLecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb to
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and Festivals
 
Introduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptxIntroduction to The overview of GAAP LO 1-5.pptx
Introduction to The overview of GAAP LO 1-5.pptx
 
MoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor PresentationMoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor Presentation
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking Applications
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
WAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdfWAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdf
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.uk
 

VC Fundraising Q2 2005

  • 1. Channa Luma, The Weiser Group for NVCA, 202-641-6959, cluma@weisergroup.com Joshua Radler, Thomson Venture Economics, 212-806-3146, Joshua.radler@thomson.com Venture-Backed IPO Market Remained Weak in Q2 2005 Economic Concerns Raised as More Companies Look to Alternatives New York, NY- June 30, 2005—Venture-backed companies exhibited a continued hesitancy towards the Initial Public Offering (IPO) market in the second quarter of 2005 with only ten venture-backed companies raising $714.1 million, according to Thomson Venture Economics and the National Venture Capital Association (NVCA). This was a slight decrease in value from the first quarter, when ten venture-backed companies raised $720.7 million on the U.S. public markets. It is also the lowest total offer amount since the second quarter of 2003. Analysis of Recent Quarters IPOs Total Average Total Average Venture Venture Venture Venture Backed Backed Backed Backed Number of Venture Offer IPO Offer Post Post Number Backed Amount Amount Offering Offering of IPOs Year/Quarter ($M) ($M) Value($M) Value($M) IPOs 5 1 77.2 77.2 147.8 147.8 2003-1 5 2 164.0 82.0 695.3 347.6 2003-2 20 9 732.8 81.4 3,064.5 340.5 2003-3 52 17 1,048.7 61.7 4,349.9 255.9 2003-4 29 2,022.7 69.7 8,257.5 284.7 2003 82 42 13 2,721.1 209.3 10,575.0 813.5 2004-1 58 29 2,077.8 71.6 8,930.4 307.9 2004-2 64 24 3,225.6 134.4 29,596.8 1233.2 2004-3 82 27 2,990.4 110.8 11,985.4 443.9 2004-4 2004 246 93 11,014.9 118.4 61,087.6 656.9 43 10 720.7 72.1 3,077.5 307.8 2005-1 48 10 714.1 71.5 2,244.5 224.5 2005-2 20 1,434.8 71.7 5,322.0 266.1 2005 91 Thomson Venture Economics & National Venture Capital Association “Two consecutive quarters at these lower levels begins to get concerning from a macroeconomic standpoint,” said Mark Heesen, president of the National Venture Capital Association. “The mergers and acquisitions market for venture backed companies continues to show signs of strength which helps to balance the lackluster IPO market. However, a pipeline of new, public companies is critical to job and revenue creation here in the US. We would like to see these numbers improve in the second half of the year, but what we are hearing is that the regulatory and market hurdles remain high. In many instances, companies are favoring other alternatives such as seeking an acquisition strategy or just treading water.”
  • 2. The largest IPO of the quarter was China Techfaith Wireless Communication Technology’s $141.8 million offering. China Techfaith Wireless was backed by Intel Capital, HSBC Private Equity, Global Strategic Investment Fund, and Qualcomm Ventures. China Techfaith Wireless was one of only two Technology companies to go public this quarter, compared to five that went public in the first quarter. The Life Sciences sector had six venture-backed IPOs raise a total of $283.1 million in the second quarter. The largest IPO in the Life Sciences sector was LHC Group, LLC, which raised $67.2 million and was backed by Catalyst Group. The second largest Life Sciences IPO was DexCom, Inc., which raised $56.4 million and was backed by St. Paul Venture Capital, Canaan Partners, Warburg Pincus, Kaufmann Fund, and RWI Group. Q2 IPO Industry Breakdown Number Total of Venture Venture Backed Backed Offering IPO's in Size the U.S. ($M) Industry Communications/Media 1 141.8 Technology Semiconductors 1 70.4 TOTAL 2 212.2 Biotechnology 1 52.5 Life Medical/Health 5 230.6 Sciences TOTAL 6 283.1 Non-high Technology 2 218.8 Other TOTAL 2 218.8 Thomson Venture Economics & National Venture Capital Association In addition to the IPOs completed this quarter, there are currently 38 venture-backed companies “in registration” with the Securities and Exchange Commission. These companies have filed with the SEC in 2004 or 2005 and are now preparing for their initial public offerings. This is the same number of companies that were in registration at the end of Q1 2005. For the rolling 12 month period ending June 29, 2005, 60% of the companies that went public are currently trading above their offering price. Thomson Venture Economics, a Thomson Financial company, is the foremost information provider for equity professionals worldwide. Venture Economics offers an unparalleled range of products from directories to conferences, journals, newsletters, research reports, and the VentureXpert™ database. For over 40 years, Venture Economics has been tracking the venture capital and buyouts industry. Since 1961, it has been a recognized source for comprehensive analysis of investment activity and performance of the private equity industry. Venture Economics maintains a long-standing relationship within the private equity investment community, in-depth industry knowledge, and proprietary research techniques. Private equity managers and institutional investors alike consider Venture Economics information to be the industry standard. For more information about Venture Economics, please visit www.ventureeconomics.com. Thomson Financial Thomson Financial is a US$1.73 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing integrated information solutions to more than 20 million business and professional customers in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With revenues of US$8.10 billion,
  • 3. The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC). The National Venture Capital Association (NVCA) represents approximately 460 venture capital and private equity firms. NVCA's mission is to foster greater understanding of the importance of venture capital to the U.S. economy, and support entrepreneurial activity and innovation. According to a 2004 Global Insight study, venture-backed companies accounted for 10.1 million jobs and $1.8 trillion in revenue in the United States in 2003. The NVCA represents the public policy interests of the venture capital community, strives to maintain high professional standards, provides reliable industry data, sponsors professional development, and facilitates interaction among its members. For more information about the NVCA, please visit www.nvca.org.