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Danish equity funds see 4-5 firms in IPO pipeline
Denmark may see four to five initial public offerings of shares
in companies now owned by private equity funds in the next 18 to 24 months, the
head of a Danish funds lobby group said, suggesting a new-found confidence in
valuations.
"Valuations have risen to levels that people are beginning to take a look at,"
Danish Venture Capital and Private Equity Association (DVCA) Managing Director
Jannick Nytoft told Reuters in a telephone interview on Tuesday.
"I would guess that we'll see four to five bourse listings of companies from
capital funds in the next 18 months," Nytoft said.
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Reuters.com
Venture capital to keep shrinking, expert says at SMU forum
The U.S. venture capital industry will continue to shrink, even
after reshaping itself in the past few years with fewer deals, fewer investments
and smaller funds, industry guru John Taylor said Thursday at Southern Methodist
University's Southwest Venture Forum.
The good news is that "the industry is open for business," said Taylor, vice
president for research of the National Venture Capital Association. "I'm hearing
that deal flow is good."
U.S. venture capitalists invested in 725 companies in 2009, though that's down
from an average of 1,000 a year.
Nationally, $17.7 billion in investments was the lowest level since 1997. The
$644 million invested in Texas was the smallest amount since 1996.
Dallas-Fort Worth companies garnered the most venture capital dollars statewide
in the last three years – $1.4 billion, or 43 percent.
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dallasnews.com
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