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Venture-Backed IPOs Almost Double in 2Q

Venture-Backed IPOs Almost Double in 2Q

by Rick Turoczy on July 5, 2006

“Many emerging companies just can’t afford the costs associated with going public in the U.S., particularly since Sarbanes-Oxley kicked in a few years ago,” said Mark Heesen, president of the NVCA, the industry’s trade body.

He was referring to the Sarbanes-Oxley corporate-governance act. Small companies have said the rules are too costly, making them pay for a variety of things such as new software and additional accounting work.

And while companies that went public during the second quarter also enjoyed larger offering sizes and post-offering values than they did 18 months ago, the volatility of the last couple of weeks has made for some disappointing stock prices.

Venture-Backed IPOs Almost Double in 2Q

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