The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Sat, 16 May 2026 11:30:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Governance and Disclosure Practices of Venture-Backed IPOs – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Governance and Disclosure Practices of Venture-Backed IPOs https://corpgov.law.harvard.edu/2012/01/03/governance-and-disclosure-practices-of-venture-backed-ipos/?utm_source=rss&utm_medium=rss&utm_campaign=governance-and-disclosure-practices-of-venture-backed-ipos https://corpgov.law.harvard.edu/2012/01/03/governance-and-disclosure-practices-of-venture-backed-ipos/#comments Tue, 03 Jan 2012 14:47:15 +0000 http://blogs.law.harvard.edu/corpgov/?p=24155?d=20150113152919EST Posted by Scott Hirst, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Tuesday, January 3, 2012
Editor's Note:

The following post comes to us from Richard Cameron Blake, partner at Wilson Sonsini Goodrich & Rosati, and discusses a WSGR report, available here.

Background

Wilson Sonsini Goodrich & Rosati recently surveyed various corporate governance and disclosure practices of venture-backed companies incorporated in the United States and involved in U.S. initial public offerings (IPOs) from January 2010 through June 2011. A copy of the report is available here. We believe that this is the first such survey specifically relating to venture-backed companies.

We examined the 50 companies involved in the largest IPOs measured by deal size over those 18 months. By deal size, measured by gross proceeds, the IPOs examined ranged from $56 million to $352.8 million, with an average deal size of $123.3 million and a median deal size of $90.1 million.

Nineteen of the companies examined were headquartered in the San Francisco Bay Area; six in southern California; five in Texas; three each in Georgia and Massachusetts; and the remainder in 11 other states and one foreign country.

Forty-eight of the companies examined were incorporated in Delaware; one in California; and one in Maryland.

Twenty of the companies examined were listed on The NASDAQ Global Market; 17 on the New York Stock Exchange; and 13 on The NASDAQ Global Select Market.

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