Strong IPO market boosts venture returns

DropBox, IPO, Nasdaq, initial public offering
Dropbox co-founders Drew Houston and Arash Ferdowsi celebrate while watching the company's initial trade on Nasdaq in New York City, U.S., March 23, 2018. As of Nov. 6, DropBox's $756 million IPO was the largest VC-backed IPO of the year. REUTERS/Lucas Jackson
Venture-capital returns improved in the second quarter, riding the coattails of a strengthened IPO market, according to Cambridge Associates. Returns for the quarter rose to a net IRR of 5.99 percent, up from 3.96 percent in the first quarter. One-year ...

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