Venture-backed initial public offering (IPO) activity marked its strongest opening quarter, by number of issues and dollars raised, since the first quarter of 2007. Bolstered by increased stability in the broader U.S. stock market indices, 19 venture-backed companies went public in the United States during the first quarter of 2012, raising $1.5 billion, according to the Exit Poll report by Thomson Reuters and the National Venture Capital Association (NVCA). By dollars, the quarter registered a 10 percent increase compared to the first quarter of 2011, when 14 venture backed companies raised $1.4 billion. For the first quarter of 2012, 86 venture-backed M&A deals were reported, 24 of which had an aggregate deal value of $2.7 billion.
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