The uncertainties of the European debt crisis continue to pummel stocks worldwide, including venture back IPOs. Of the 29 venture-backed startups that went public in the United States since May, 16 are below their IPO prices and 13 above. Not a sparkling record, especially considering that five of the “above water” offerings were launched in [...]
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This could be a very big week for IPOs, with nine offerings aiming to raise $1.5 billion. Of that group, five are VC-backed companies seeking to raise more than $590 million: Angie’s List, Bluestem Brands, Clovis Oncology, Intermolecular and InvenSense. The offerings are expected to price from Wednesday through Friday, according to Gaskins IPO Desktop. [...]
Talk Back & Poll: Is IPO Window Closed? If So, Is It Temporary or Are We in for a Long Wait? UPDATED
It turned out Tuesday was just a brief respite. On Wednesday Today we were back in the the business of a market sell-off. Besides the public companies that got a haircut, the tumultuous market also dashed the hopes of six of the 12 companies on the docket to go public this week. Then, Thursday, the market surged back, with the Dow up nearly 4 percent.
On Tuesday, three companies postponed their offerings, including 3-D motion-sensing company InvenSense Inc, a VC-backed company that hoped to raise $99.8 million.
On Wednesday, another three companies postponed, including two VC-backed startups: employee benefit program provider WageWorks, which held off on a $49 million IPO, and medical services provider WhiteGlove, which tabled
(Reuters) – Three initial public offerings were postponed on Tuesday, the latest casualties of volatile market conditions.
Offerings by Portuguese mobile marketing and payment services provider TIM w.e. SGPS SA, which was expected to raise $146.3 million, and 3-D motion-sensing company InvenSense Inc, a VC-backed company due to raise $99.8 million, were postponed, underwriters said. The $180 million IPO of Seattle-based lender HomeStreet was also sidelined, an underwriter said.
Invensense, founded in 2003, raised a total of $53 million in venture capital between 2004 and 2008, according to Thomson Reuters (publisher of peHUB). The company’s backers include Artiman Ventures, DoCoMo Capital, Partech
(Reuters) – Motion processing solutions provider InvenSense Inc said it filed for an initial public offering worth up to $100 million on Monday. Sunnyvale, California-based InvenSense provides motion sensors and software for electronics gadgets such as video gaming devices and portable navigation devices, according to a regulatory filing with the U.S. Securities and Exchange Commission. [...]