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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