Venture firms investing in clean technology shouldn’t get their hopes up
regarding initial public offerings, warned analysts at Robert W. Baird
& Co. Exits will be dominated by mergers and acquisitions, and at
poor valuations, said a new report (opens PDF file) on clean-tech from the mid-market investment bank.It’s true that clean-tech companies Tesla Motors Inc., Codexis Inc. and Amyris Inc. recently went public. But those were the exceptions, Baird analysts say. Public investors have higher standards of revenue and profitability now and the low oil and gas prices are just not playing in favor of clean-tech companies.
To read the full, original article click on this link: Clean-Technology IPO Outlook Not So Good, Says Report - Venture Capital Dispatch - WSJ
Author: Yuliya Chernova
