RT Journal Article
SR Electronic
T1 The Pricing of Successful Venture Capital-Backed High Technology and Life Sciences Companies
JF The Journal of Private Equity
FD Institutional Investor Journals
SP 15
OP 28
DO 10.3905/jpe.1999.319950
VO 2
IS 3
A1 Steve Kam
A1 Dave Witherow
YR 1999
UL https://pm-research.com/content/2/3/15.abstract
AB This HVA/VentureOne study examines 1,247 private venture capital financing of 479 electronic, software, communications, biotechnology, and medical device companies that went public between January 1993 and June 1997. The author identifies the pricing and explains the changes in corporate valuations between various rounds of financing and the initial public offering. For the purpose of analyzing the factors and measuring the implications of these market valuations, the companies are segmented according to stage of development, type of financing round, industry, and year of IPO. This study interprets the data by means of a transactional analysis and a statistical analysis.