Texas was one of the few bright spots in the M&A and IPO exit market so far this year, according to a report released yesterday on the liquidity market for venture-backed firms. According to the report, released yesterday by Dow Jones VentureSource, Texas saw the largest--and one of the few--IPOs in the market so far this year, with the $113M IPO of Austin-based SolarWinds in May. However, the overall market looks to be one of the worst ever for exits of venture-capital backed firms. The Dow Jones report found that there was only $2.8 billion in mergers, acquisitions, and IPOs in the quarter, a six year low, and a 57% drop from exits in Q2 of last year. 67 companies were involved in mergers and acquisitions this year, versus 89 transactions last year.
Top NewsThursday, July 2, 2009
Venture Exits At Six Year Low