While it will be hard to repeat 1993's sizzling initial-public-offering rates, the rate of IPOs will remain strong nationwide in industries with solid investor demand, such as telecommunications, health services, biotechnology, and software. Here are the top 10 venture-capital firms behind many of last year's issues:

Total number
Firm of IPOs backed in 1993
Sequoia Capital 15

Kleiner Perkins Caufield & Byers 14

Chemical Venture Partners 14

Hambrecht & Quist Venture Partners 13

Accel Partners 10

U.S. Venture Partners 10

Allstate Venture Partners 10

New Enterprise Associates 10

Venrock Associates 9

Greylock Management 9

Source: "1993 IPO Annual Report," VentureOne, San Francisco, January 1994.

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