The Great Debate UK

from The Great Debate:

The death and resurrection of the tech IPO

ericauchard1-- Eric Auchard is a Reuters columnist. The opinions expressed are his own --

The U.S. venture capital industry is desperate to repair the market for initial public stock offerings, but reviving the goose that once laid hundreds of golden eggs may not get very far.

The National Venture Capital Association (NVCA) this week set out its comprehensive plan to revive the IPO market and the heady investment returns that once fueled the tightly knit venture capital industry's success.

From October through March, there were no venture-backed IPOs in the United States -- the first time on record of no venture IPO activity for two consecutive quarters.

The NVCA plan is entitled "The 4-Pillar Plan to Restore Liquidity to the U.S. Venture Capital Industry." Institutions at every step in the process that turns bright business ideas into publicly traded companies come in for criticism for the decline of the IPO market.