Portfolio Exit: ON24 Starts Trading As One Of The Oldest VC-Backed IPOs Of The Year

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Our 16th Band IPO is ON24, Inc., called “News Direct” when we invested (June 1998 Dinner).

Shares of webcasting and virtual events platform ON24 began trading on the New York Stock Exchange on Wednesday, with its stock closing at $70.45, or nearly 41 percent above its IPO price. ON24 isn’t like many of the VC-backed companies going public nowadays: it’s been around for more than 20 years. The company was founded in 1998 and raised its Series A, which was led by Canaan Partners, in August 1999. Read the TechCrunch article