16 IPOs of venture-backed companies in Q2 2006

There were 16 IPOs of venture backed companies in the US in Q2 2006, of which 10 were health care companies. These IPOs raised $1.3 bln. This was an improvement over 13 IPOs raising $.6 bln in Q1 2006 and the combined total of 29 IPOs raising $1.9 bln in the first half of 2006 puts the industry on pace to have its best IPO year since 2000, other than 2004 when 67 IPOs raised $5 bln, Fenwick & West said.