* Five companies go public in third quarter
* Dealmaking activity rises
Oct 3 Just five venture-capital backed
companies held initial public offerings last quarter, data from
the National Venture Capital Association and Thomson Reuters
shows, marking the worst showing since late 2009.
In dollar terms, the offer amount of the IPOs was $442.9
million, again, the worst showing since the end of 2009.
Meanwhile, some 101 venture-backed companies were bought,
with 35 disclosing deal terms. That represents the highest
dollar amount of deals with disclosed terms since the fourth
quarter of 2009, showing that exits are still available for
In the largest IPO of the quarter, Chinese holding company
Tudou TUDO.O raised $174 million on the Nasdaq stock market
in August. Three of the five IPOs -- real-estate service Zillow
(Z.O), telecommunications software company Tangoe TNGO.O and
online-backup service Carbonite <CARB.O > -- were trading above
their offer price as of Friday.
In the biggest disclosed deal of the quarter, Tulsa,
Oklahoma-based Laredo Petroleum bought Dallas-based Broad Oak
Energy for $1 billion.
(Reporting by Sarah McBride in San Francisco. Editing by