In yet another successful year of exits, private equity (PE) funds sold shares worth $1.17 billion in 2017 as their portfolio companies went public, data from Venture Intelligence shows.
The figure is almost 25% higher than the $935 million they sold through initial public offerings (IPOs) in 2016. In 2015, PEs sold stocks worth just $287 million in IPOs.
These factors have led to an increase in the contribution of IPOs to overall PE exits, from a 3% share of overall exits worth $9.95 billion in 2015 to about 12% share of $9.97 billion exits so far in 2017, data from Venture Intelligence shows.
Venture Intelligence is India’s longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.
