News Release - Thomson Reuters

Jul 1, 2014 - Thomson Reuters and the National Venture Capital Association (NVCA). .... Twenty-one of the 28 companies brought to market this quarter are ...
283KB Sizes 1 Downloads 106 Views
CONTACTS

Ben Veghte NVCA 1.703.778.9292 [email protected] Lauren Herman Thomson Reuters 1.646.223.5985 [email protected]

VENTURE-BACKED IPO EXIT ACTIVITY EXTENDS STREAK OF 20+ OFFERINGS FOR FIFTH CONSECUTIVE QUARTER Average M&A Deal Size Falls to Lowest Level Since 2013 New York, New York, July 1, 2014 – Twenty-eight venture-backed initial public offerings (IPOs) raised $4.9 billion during the second quarter of 2014, a 45 percent increase, by dollars raised, compared to the previous quarter, according to the Exit Poll report by Thomson Reuters and the National Venture Capital Association (NVCA). The second quarter marked the fifth consecutive quarter to see 20 or more venture-backed IPOs but below the strong performance of the first quarter, which marked the strongest three-month period for new listings since the third quarter of 2000. For the second quarter of 2014, 97 venture-backed M&A deals were reported, 33 of which had an aggregate deal value of $3.3 billion. This represents a 56 percent decrease in disclosed value from the first quarter of this year. Average deal size during the second quarter totaled $98.6 million, the lowest average deal size since the first quarter of 2013. “With the various stock indices continuing to reach new heights, the environment for IPOs remains quite favorable—welcome news for venture-backed companies that have been waiting for the opportunity to go public for several years now,” said Bobby Franklin, President and CEO of NVCA. “Led by the biotechnology sector, life sciences companies appear to be the primary beneficiaries from the favorable IPO environment, with more than half of the offerings during the quarter coming from life sciences companies, marking the fifth consecutive quarter for double digit listings. It’s good to see continued investor interest in venture-backed companies, especially with there being such a backlog of great companies wanting to go public.”

Page 2 of 5 July 1, 2014

Total M&A Deals 360

M&A Deals with Disclosed Values 109

*Total Disclosed M&A Value ($M) 12,364.9

*Average M&A Deal Size ($M) 113.4

2010-1

149

36

4,945.1

137.4

2010-2

109

30

2,681.4

2010-3

142

36

2010-4

145

2010

Total Offer Amount ($M) 1,979.8

Average IPO Offer Amount ($M)

8

921.9

115.2

89.4

18

1,548.4

86.0

4,140.9

115.0

16

1,852.6

115.8

48

5,939.8

123.7

24

3,086.6

128.6

545

150

17,707.3

118.0

66

7,409.5

112.3

2011-1

139

51

5,966.8

117.0

14

1,526.9

109.1

2011-2

94

37

6,202.3

167.6

20

5,635.1

281.8

2011-3

142

43

6,934.5

161.3

5

475.9

95.2

2011-4

123

38

4,989.6

131.3

11

2,803.2

254.8

2011

498

169

24,093.2

142.6

50

10,441.1

208.8

2012-1

114

28

3,671.0

131.1

19

1,682.8

88.6

2012-2

124

34

6,304.4

185.4

12

17,227.9

1,435.7

2012-3