Venture-capital funds held onto their investments in the first quarter of the year, according to data released Monday from Thomson Reuters and the National Venture Capital Association (NVCA), in part because of politics. The number of venture-backed initial public offerings fell to eight from 19 in the first quarter of 2012, and totaled $672 million, compared to $1.68 billion a year earlier.The number of venture-backed companies that were acquired by other companies dropped to 77 from 114 a year earlier. For the 10 who reported the value of their deals, the aggregate value was $984.3 million.The NVCA blamed the slow quarter on U.S. political uncertainty and tax issues. Congress has failed to pass budget legislation, triggering automatic spending cuts effective Jan. 1. Separately, tax increases kicked in, also on Jan. 1.Model N, a Redwood Shores, Calif.-based software company that specializes in life sciences and technology revenue, held the largest venture-backed IPO of the quarter. It raised $120 million and began trading on March 19th.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.09% or $-0.03/share to $32.45. In the past year, the shares have traded as low as $26.20 and as high as $32.89. On average, 1052010 shares of TRI exchange hands on a given day and today's volume is recorded at 301499.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.12% or $0.04/share to $33.00. In the past year, the shares have traded as low as $26.65 and as high as $33.54. On average, 1126330 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 307296.
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