Initial public offerings of European companies with venture capital backers last year raised only half the amount generated the previous year as small- and medium-sized floats struggled amid increasing volatility that led investors to seek the refuge of large, liquid stocks.
Only 38 European companies with venture capital backers completed flotations last year, raising â¬893.6m ($1.3bn), according to a report on European liquidity from research provider Dow Jones VentureSource.
