What I am reading:
The beloved, endangered IPO is showing signs of revival, or at least survival. In the second quarter of 2010, there were 15 venture-backed IPOs in the U.S., which raised a total of $899 million, according to data released today by Dow Jones VentureSource. The amount raised is nearly four times as much as the same, admittedly moribund, period a year ago, when there were only 3 IPOs and $232 million in exits. So far this year, the total number of IPOs (23) and exit dollars ($1.6 billion) already surpasses the totals for each of the last two years.
Of course, the IPO markets are coming back from a near-death experience so the comparisons look great. The numbers got a big boost from the Tesla IPO on Tuesday, which raised $202 million. (The shares are trading at $24 this morning, 41 percent above the IPO price).
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