Venture-backed companies made less cash for their backers last quarter compared with a year ago, capping a year in which the industry came under fire for not delivering hoped-for returns. Acquisitions of venture-backed companies totaled $3.52 billion in the fourth quarter, down 29 percent from $4.99 billion a year earlier, according to data from Thomson Reuters and the National Venture Capital Association.For the full year, acquisitions totaled $21.5 billion, down 11 percent from $24.09 billion in 2011. The numbers reflect only companies that disclosed deal values.Venture-backed companies tapping public markets raised $1.41 billion via initial public offerings in the fourth quarter, down 50 percent from $2.8 billion a year earlier, when gaming company Zynga raised $1 billion in its IPO.For the full year, venture-backed IPOs totaled $21.45 billion, doubling from $10.69 billion in 2011. But strip away the $16 billion that social-networking company Facebook raised in May and the total actually halved.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.76% or $0.22/share to $29.28. In the past year, the shares have traded as low as $26.20 and as high as $30.66. On average, 773224 shares of TRI exchange hands on a given day and today's volume is recorded at 469559.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.45% or $0.13/share to $28.91. In the past year, the shares have traded as low as $26.47 and as high as $30.25. On average, 879700 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 718193.
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