Friday, September 5, 2008
Nada, zero, zilch: that’s the number of IPOs launched by U.S. venture-backed companies in the second quarter of 2008, according to a Dow Jones VentureSource report in late August.
That’s the first IPO goose egg in five years, reflecting the second-longest running drought since 1992, with no IPOs for 103 days. The longest IPO drought lasted 145 days, from Dec. 18, 2002, through May 12, 2003.