Venture-Backed Exits Decline Significantly in First Quarter 2008

U.S. Newswire, April, 2008

To: BUSINESS EDITORS

Contact: Emily Mendell of NVCA, 1-610-565-3904, emendell@nvca.org, for Thomson Financial; Matthew Toole, 1-646-822- 7560, matthew.toole@thomson.com, Sandy Anglin, 1-646-822-7334, sandy.anglin@thomson.com, both of Thomson Financial

NEW YORK, April 1, 2008 /PRNewswire-FirstCall/ -- Only five venture-backed initial public offerings totaling $282.7 billion in proceeds were issued in the first quarter of 2008, according to the Exit Poll report by Thomson Financial and the National Venture Capital Association (NVCA). This volume represents the lowest quarterly number of IPO's since the second quarter of 2003 when there were two issues. Similarly, the venture-backed M&A market had only 56 deals in the fourth quarter, 20 of which had a combined...

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