Who is cashing in on tech IPO surge

 

Who's cashing in on tech IPO surge? These VCs are

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FireEye is an IPO that a number of VCs backed who placed at the top of a ranking of firms with the most public offerings in the first nine months of 2013. It's stock nearly doubled on the first day of trading in September.

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Cromwell Schubarth

Senior Technology Reporter- Silicon Valley Business Journal

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The IPO window has been open this year for tech companies, giving Silicon Valley venture investors a chance at healthy exits on their investments.

The two that have fared best in terms of the number of exits so far are Palo Alto-based DAG Ventures and Menlo Park-based New Enterprise Associates, according to a tally done by startup research company Mattermark.

They have each enjoyed five exits so far.

DAG's five

DAG, which specializes in follow-on rounds, backed the hot IPOs of Milpitas data security startup FireEye and San Mateo cloud-based telecom provider RingCentral in late September. Both have traded at twice their IPO price since their debuts.
But it also backed a pair of ad tech companies that have floated at or below their offering price for much of the time since going public: Redwood City-based YuMe and San Francisco-based Marin Software.

The fifth IPO for DAG this year was San Francisco money transfer company Xoom, which went public in February at $16 and has flirted with 100 percent gains since a summer surge.

NEA's five

NEA also backed Xoom, but that is the only crossover between the two IPO leaders on the Mattermark list.
Four out of five of the firm's IPOs this year more than doubled in price after going public.
Its big hit so far in 2013 has been Big Data intelligence provider Tableau Software. The Seattle-based company went public at $13 a share on the May anniversary of Facebook's 2012 offering. It shot up more than fourfold since.
Another strong performer was Virginia-based Cvent, whose stock more than doubled in the weeks after going public in August but has given up about half of those gains since mid-September.

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