Potential initial public offerings totaled 140 in the second quarter, up 12% from the first quarter, the highest number of deals since the financial crisis started in late 2007, according to the quarterly Ernst & Young U.S. IPO Pipeline.
Sixty-eight of the 140 potential IPOs were sponsored by venture capital firms, private equity firms or both, according to the quarterly Ernst & Young U.S. IPO Pipeline study.
Private equity firms back 56 or 40% of the total deals in the IPO pipeline, while 44 are venture capital-backed. Thirty-two of the deals are backed by both venture capital and private equity firms.
