Tag: IPO
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Pfizer Spins Off Animal Health Unit, Raises $2.2B in IPO
The pharmaceutical company Pfizer Inc. in New York created a new enterprise, Zoetis, from its former animal health division. The new company raised $2.2 billion in its initial public offering, and will trade on the New York Stock exchange under the symbol ZTS. Zoetis, based in Madison, New Jersey, discovers and develops veterinary vaccines and…
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Mergers, IPOs for Venture-Backed Companies Down in 2012
Initial public offerings (IPOs) and mergers and acquisitions (M&As) of venture-backed companies in the U.S. declined overall in 2012 and in the last quarter of the year. Financial industry analytics service Dow Jones VentureSource says the Facebook IPO in May 2012 influenced much of the activity and money raised during the year. During 2012, a…
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IPOs, Mergers for Venture-Funded Companies Gain in 2010
The number and value of exit deals — where enterprises backed by venture capital (VC) become financially self-sustaining — increased sharply in 2010, compared to 2009. The compilation by Dow Jones VentureSource shows 514 exit deals took place in 2010 a 25 percent increase, with those deals netting $39.3 billion, a jump of 72 percent…
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VC Mergers/Acquisitions Rebound, IPOs Drop in Q3 2010
The number and value of U.S. disclosed venture capital (VC) exit deals in the third quarter of 2010 showed a mixed pattern compared to the second quarter of 2010, with more mergers and acquisitions (M&As) of VC-backed properties, but somewhat fewer initial public offerings (IPOs) of company stock. Exit deals — either M&As or IPOs…