Editas Medicine Inc (EDIT) – 2016 Finally Sees First U.S. IPO

Editas Medicine Inc (EDIT) – 2016 Finally Sees First U.S. IPO

VC-backed IPO activity in the U.S. is expected to stay low in 2016. The markets are volatile, oil prices are dragging down stocks and fears of overly frothy private valuations pervade. Many recent IPOs have underperformed, even after their terms were revised in many cases, adding to the wariness of investors looking to cash in on their investment and take a company public. When the dust settled on 2015, the markets were down almost across the board, with the NASDAQ eeking up just 5.7%, after double-digit increases in each of the past three years. It comes as a surprise, however, that not a single VC-backed company completed an IPO on the NASDAQ or NYSE during the month of...