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Empresas y finanzas

Venture-backed IPOs gain strength in Q2


    (Reuters) - Venture-backed IPOs saw their strongest quarter since 2000 with offerings valued at $5.5 billion coming to the market in the second quarter of 2011, according to an exit poll by Thomson Reuters and the National Venture Capital Association (NVCA).

    The number of M&As also returned to 2009 levels, with the second quarter seeing 79 venture-backed M&As, 36 of which had an aggregate deal value of $5.4 billion.

    It's been a field day for the information technology sector, with 14 of the 21 IPO exits coming from this space. Even in the world of M&A, the sector ruled the roost with 56 deals and a total dollar value of $2.7 billion.

    "We are not experiencing an IPO bubble and these numbers certainly do not suggest that one is forming," Mark Heesen, president of NVCA, said.

    In the largest IPO of the quarter -- Russian internet company Yandex raised $1.3 billion on May 24 -- the second-largest offering by an internet company after Google's $1.7 billion IPO in 2004. (Reporting by Rachel Chitra in Bangalore; Editing by Sriraj Kalluvila)