Report: No IPOs In Q2

Dow Jones VentureSource, a provider of venture capital data, reported Tuesday that we are in the midst of the second-longest IPO drought since it started tracking the industry in 1992. According to Dow Jones, Q2 of this year was the worst quarter since 2003, with no initial public offerings of U.S. venture-backed companies in the quarter. During the quarter, there were 10 companies which withdrew their IPO registrations, with 22 venture-backed firms still in IPO registration. Dow Jones also reported that M&A activity fell to $4.7 billion, with only 56 transactions for the quarter. The company also reported that overall liquidity--including both IPOs and M&As--was a 47 percent drop from the same period last year, blaming the conditions on the market for the slowdown.