Monday, April 03, 2006
Where’s the Exit? Venture Firms Face Weak I.P.O. Market
The market for initial public offerings remains “lackluster” for venture capital-backed firms, according to Mark Heesen, president of the National Venture Capital Association. Mergers and acquisitions have been buzzing, but Mr. Heesen suggests that M&A alone is not enough to bring above-average returns to venture capitalists.
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