Enterprise Deals Dominate Venture Backed IPOs In 2012

With nearly 11 months in the record books, 2012 stands out as the year of the enterprise and IT-related venture-backed IPO.

Enterprise- and IT-related deals make up 40% of this year’s venture-funded initial public offerings, according to a peHUB analysis of Thomson Reuters data through the Thanksgiving holiday. They accounted for about a quarter of deals in 2011.

The increase comes as the pace of consumer and consumer-Internet deals slowed from 2011 to 2012, despite the anticipated pied piper impact of the Facebook offering, the analysis found. Thomson Reuters is the publisher of this blog and collects data on public offerings.

The analysis looked at U.S. based portfolio companies identified in the quarterly MoneyTree Report of venture financings. In all, it examined 50 deals through Nov. 22, 2012 and the 46 deals in 2011.

Twenty of this year’s deals were enterprise and IT-related, and another two companies have their S-1s on file. It is the largest category venture-backed IPOs

The second largest number of public filings this year came from biotech companies. Twelve floated stock and another five remain in the on-deck circle with their IPO paperwork on file with the Securities and Exchange Commission. That’s just under a quarter of this year’s offerings.

Five consumer and consumer-Internet companies went public in 2012, or about 10% of the total so far. Last year, 17% of all filings came from consumer and consumer-Internet companies, the analysis found.

This year most prominent enterprise and IT-related offerings came from companies including Workday, Splunk, Palo Alto Networks and ServiceNow.

Photo courtesy of Shutterstock.

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1 Comment

  • I wonder if any of you have different counts than I do. Completing this analysis required putting companies into buckets, which was relatively straight forward. Curious if any of you count differently.

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