2009 IPO Report - WilmerHale

Want to know moreabout the venture capitaland M&A markets?Our 2009 Venture Capital Report offers an in-depthanalysis of, and outlook for, the US and Europeanventure capital markets. The report featuresindustry and regional breakdowns, an analysisof the VC fund formation climate, a discussion ofstock option repricing in private companies, andan overview of trends in venture capital financingand VC-backed company M&A deal terms.See our 2009 M&A Report for a detailed reviewof, and outlook for, the global M&A market. In otherhighlights, we discuss the likely course of antitrustenforcement in the Obama administration and presenta survey of key terms in sales of VC-backed companies.To request a copy of any of the reports described above,or to obtain additional copies of the 2009 IPO Report,please contact the WilmerHale Marketing Departmentat marketing@wilmerhale.com or call +1 617 526 5600.An electronic copy of this report can be foundat www.wilmerhale.com/2009IPOreport.Data SourcesWilmerHale compiled all data in this report unlessotherwise noted. Offerings by REITs, bank conversions,closed-end investment trusts and special purpose acquisitioncompanies are excluded. Offering proceeds excludeproceeds from exercise of underwriters’ over-allotmentoptions, if applicable. For law firm rankings, IPOs areincluded under the current name of each law firm. Venturecapital data is sourced from Dow Jones VentureOne.PIPE and Rule 144A data is sourced from PrivateRaise.© 2009 Wilmer Cutler Pickering Hale and Dorr llp