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Top IPOs deliver big returns for venture funds — VCJ report

There’s no venture-backed IPO in the past year to rival the May 2012 debut of Facebook for sheer size and public attention, although Twitter will certainly give it a go.

However, plenty of newly public companies have performed quite well, according to an analysis by Venture Capital Journal of the most valuable VC-funded companies to go public in the last 12 months.

Overall, at least nine newly public venture-backed companies have market capitalizations in excess of $1 billion each. The most valuable company, by a long shot, is the cloud-based human resources software provider Workday, which is valued at $13 billion, according to VCJ.

The second-most valued company is Tableau Software at $4.2 billion, followed by Intrexon at $2.6 billion.

As for individual venture firms, New Enterprise Associates, in particular, stands to reap some large returns. The firm was a backer in four out of 10 of the most valuable newly public companies, including the two top ones, Workday and Tableau Software.

This story first appeared in Reuters Venture Capital Journal. Subscribers can read the original story here. To subscribe to VCJ, please email Greg.Winterton@ThomsonReuters.com.

Photo: Workday Chairman, Co-founder and Co-CEO Aneel Bhusri (left) and Co-founder and Co-CEO Dave Duffield (center) applaud their company’s first trade following its IPO on the floor of the NYSE, Oct. 12, 2012. Shares of Workday Inc. soared in its market debut and has remained high as the company is now valued at $13 billion, according to a VCJ analysis. REUTERS/Brendan McDermid