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The dry IPO market is creating demand for alternate liquidity

Posted on June 26, 2008

The second quarter closing Monday is expected to be the worst in recent history for initial public offerings, as the stock market continues to face stormy conditions. An estimated 44 IPOs were pulled during the year due to lousy market conditions. And that has shareholders, including venture capital funds, looking for alternative sources of liquidity.Among the stops for anyone who needs to turn shares into cash are secondary funds such as Industry Ventures in San Francisco. Hans Swildens, principal and founder, said that he s getting a lot more queries from shareholders who are thinking abou...

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