DealZone

U.S. no has-been for IPOs

According to the Russell Global Index, the United States’ market share for IPOs is plummeting. In a news release today Russell said that the U.S.’s share of IPOs in its index had declined to 13.7 percent for the past nine months, from 39.9 percent in 1998.

But don’t write off the U.S. IPO market yet. The Russell figures look at number of deals, not the dollar volume for the offerings.

So far in 2009, the U.S. is showing its old form again: according to Thomson Reuters data, U.S. IPOs account for 30.6 percent of overall global IPO dollar volume so far in 2009, with $1.6 billion, led by deals, large- by pediatrics nutrition maker Mead Johnson ($828 million) and small OpenTable ($60 million.) But measured in terms of deals, the US’s 7 deals make up only 6.8 percent of the 102 deals worldwide this year so far.

OpenTable will try to revive VC-backed IPOs

restaurant

Venture capitalists wanting to take portfolio companies public have fallen on hard times. So they will be watching closely when online restaurant reservation service OpenTable, which filed for a small $40 million IPO last week, attempts to price its deal.

Last year only six companies backed by venture capitalists went public, according to Thomson Reuters data, a far cry from the 86 in 2007. And none has performed well in the aftermarket.

But San Francisco-based OpenTable, whose IPO will be led by Merrill Lynch and whose backers include VC firms Benchmark Capital and Impact Venture Partners, is betting that its recently growing business will lure investors.