Boggs Talks VC-Backed IPOs in Venture Capital Journal
“The VC-Backed IPO Market is Improving, But It Has A Long Way to Go”Venture Capital Journal
January 1, 2010 – Manatt’s T. Hale Boggs, a partner in the firm’s Venture Capital & Emerging Companies practice group, was interviewed for by leading industry trade publication Venture Capital Journal on the outlook for venture-backed companies raising money through initial public offerings in 2010. The magazine reported that, though few had done so in 2009, behind the scenes activity suggests a significant increase in the new year.
“I think in the last two quarters there has been more emphasis than I’ve seen in the last couple of years on companies preparing for a public offering,” Boggs told Venture Capital Journal.
In addition, Boggs said, it’s not just that companies are preparing IPO filings. Many, he noted, are taking more preliminary steps, such as resolving outstanding accounting issues or raising bridge financing for marketing in an effort to raise their visibility and suitability for an IPO filing in the next year or so.
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