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.
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Venture-backed companies mature enough to sell shares to the public haven’t been rushing the door. Only 10 companies have floated shares since the start of May. But those that have enjoy pretty good results.
JMI Equity holds 59.8 million shares of ServiceNow stock valued at more than $1.07 billion at $18 per share. It stands to make 80x return on its investment of $13.5 million.
Seattle-based Madrona Venture Group has just raised a $300 million fund that was “heavily oversubscribed,” Managing Director Matt McIlwain tells peHUB.