Slideshow: Bring on the 2012 IPO Candidates


The market for venture-backed IPOs has been pretty dead so far this year. But based on new filing activity, it looks like there’s some optimism things will improve.

At least six venture-backed companies have filed to go public since the start of the year, in sectors ranging from enterprise software to semiconductors to car rentals. Altogether, they’re seeking to raise $775 million from public markets to fund their expansion.

VCs stand to earn some substantial paper returns on these offerings as well. In the following slideshow, we look at each new 2012 addition to the IPO pipeline, its venture backers, and how much private capital has been raised to date.

[slideshow]

[slide title=”China Auto Rental”]

Location: Beijing

Business: Operates China’s largest car rental operation.

IPO: Seeking up to $300 million in an offering on the New York Stock Exchange.

Funding: Backed by Legend Capital and Kleiner Perkins Caufield & Byers. Legend invested $178 million in the company in 2010.

[slide title=”Audience Inc.”]

Location: Mountain View, Calif.

Business: Develops digital signal processors designed to improve sound quality and suppress noise interference in mobile devices.

IPO: Seeking to raise up to $75 million in an offering on Nasdaq or the New York Stock Exchange.

Funding: Has raised $47 million since 2004 from backers including Tallwood Venture Capital, New Enterprise Associates, VentureTech Alliance, and Vulcan Capital, according to Thomson Reuters.

Venture stakeholders: The largest shareholder is Tallwood Venture Capital (32.75% pre-IPO stake), followed by NEA (30.1%) and Vulcan Venture Capital (25%).

[slide title=”Splunk”]

Location: San Francisco

Business: Develops software for analyzing machine-generated data as a mass scale.

IPO: Seeking to raise up to $125 million.

Funding: Has raised $40 million since 2004 from backers including August Capital, Ignition Partners, Sevin Rosen Funds, JK&B Capital and Technology Crossover Ventures, according to Thomson Reuters.

Venture stakeholders: August Capital and Sevin Rosen are the largest shareholders (each has a 20.7% pre-IPO stake), followed by JK&B Capital (17.8%) and Ignition Partners (12.3%).

[slide title=”Infoblox”]

Location: Santa Clara, Calif.

Business: Makes an appliance for automating network control in data centers.

IPO: Seeking to raise up to $125 million.

Funding: Has raised $67 million since 2000 from backers including Sequoia Capital, Tenaya Capital, and Duchossois Technology Partners.

Venture stakeholders: The largest shareholder is Sequoia Capital (28.9% pre-IPO stake), followed by Tenaya Capital (8.4%), Duchossois Technology Partners (7.8%), and Trinity Ventures (6.3%).

[slide title=”Millennial Media”]

Location: Baltimore

Business: Develops tools and services for mobile advertisers.

IPO: Seeking to raise up to $75 million.

Funding: Has raised $66 million since 2006, according to Thomson Reuters.

Venture stakeholders: The largest shareholders are Bessemer Venture Partners and Columbia Capital (each has a 20.6% pre-IPO stake), followed by Charles River Ventures (15.8%) and New Enterprise Associates (15%).

[slide title=”Extend Health”]

Location: San Mateo, Calif.

Business: Provides health benefit management services.

IPO: Seeking to raise up to $75 million.

Funding: Raised $15 million in 2007, according to Thomson Reuters.

Venture stakeholders: The largest shareholder is Psilos Group (46% pre-IPO stake), followed by Revolution Extend Holdings, an investment vehicle managed by Steve Case.

[/slideshow]