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October 06, 2004
IPO Activity Strong in Q3 of 2004
An article in Inc.com reports the strongest IPO activity since 2000 for VC backed firms. This is an important leading indicator for the strength of the entrepreneurially driven recovery.
"The third-quarter number brings to 48 the total of IPOs so far this year, a figure that already exceeds the sum of IPO activity for 2002 and 2003 combined, according to the report."
M&A activity is also strong, which is another sign of renewed growth in the emerging venture sector.
"Ninety venture-backed U.S. companies were merged or acquired in the third quarter, for a total of $5.89 billion, with information-technology companies representing the majority of those deals."
These activities will further enhance the base of funds that venture capitalists will have to invest, so this should support strong growth in new VC investment into 2005.
Posted October 6, 2004 07:08 AM
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at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
