The Thirteenth IPO Plan Gone Awry
May 31, 2012
Since the beginning of the year, thirteen venture-backed companies have now postponed or canceled their IPO plans, according to the PitchBook Platform. The Healthcare industry has comprised the most of these plans gone awry (38% of the total), with TVAX Biomedical, TRIA Beauty and Rib-X Pharmaceuticals all forgoing their go-public plans this May. Kayak is the latest VC-backed company to join the IT industry's no-go IPO list, which is second only to Healthcare for cancellations and postponements.
