Update at 10:08 a.m. PDT, with additional statistics on IPO market.
U.S. venture-backed companies failed to launch a single initial public offering in the second quarter of 2008, a dire situation not seen since early 2003, according to the Quarterly U.S. Liquidity Report released Tuesday by Dow Jones VentureSource.
That's nada, zero, zilch.
And the mergers and acquisitions market for U.S. venture-backed companies did not fare much better in the second quarter, dropping 42 percent in the number of deals completed compared with the same time last year.
In the second quarter, 56 transactions … Read more