NEWS: Private Equity Is Backing More IPOs
By LYNN COWAN DOW JONES NEWSWIRESMarch 28, 2005; Page C4
Back in the halcyon days of the Internet-stock boom, it was a safe bet that venture capitalists were behind many of the IPOs coming to market.
...This quarter that trend toward private-equity-backed IPOs has continued. Fourteen of the 40 U.S. IPOs that came to market so far this year, or 35%, were backed by large private-equity firms such as Blackstone, compared with 34% a year ago and 31% in the final quarter of 2004, according to deal tracker Dealogic.
In contrast, just seven venture-capital-backed IPOs have started trading this year, compared with 10 in the first quarter of 2004, according to data from VentureOne, a research firm owned by Dow Jones & Co., publisher of The Wall Street Journal. At the height of the IPO market, in the first quarter of 2000, 70 deals were venture-backed, according to VentureOne.
Back in the halcyon days of the Internet-stock boom, it was a safe bet that venture capitalists were behind many of the IPOs coming to market.
...This quarter that trend toward private-equity-backed IPOs has continued. Fourteen of the 40 U.S. IPOs that came to market so far this year, or 35%, were backed by large private-equity firms such as Blackstone, compared with 34% a year ago and 31% in the final quarter of 2004, according to deal tracker Dealogic.
In contrast, just seven venture-capital-backed IPOs have started trading this year, compared with 10 in the first quarter of 2004, according to data from VentureOne, a research firm owned by Dow Jones & Co., publisher of The Wall Street Journal. At the height of the IPO market, in the first quarter of 2000, 70 deals were venture-backed, according to VentureOne.
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