Finding Private Capital in a Down Economy

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.

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