Local Tech Wire

IPOs are back as an exit route for venture capital-backed firms.

"During the second quarter of 2010, 15 IPOs by venture-backed companies raised $899 million, up from three offerings which raised $232 million in the same period last year," Dow Jones VentureSource reported Thursday.

Among the firms executing IPOs were two with Research Triangle connections:

  • Motricity, now based in Washington state, which moved from Durham
  • Alimera Sciences in Atlanta, in which Intersouth Partners of Durahm is an investor

For other venture snapshots, read , and

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