By: John E. Fitzgibbon, Jr.
The financial media reported that no venture capital-backed IPOs were priced during 2008’s second quarter. One published story even read, “For the first time since 1978, there were no venture-backed Initial Public Offerings (IPOs) in the second quarter of 2008, according to the Exit Poll report by the National Venture Capital Association (NVCA) and Thomson Reuters.” Wrong! Don’t believe everything you read. Verso Paper (NYSE: VRS) got priced.