But only just
By Tony Hallett
Published: 22 March 2002 08:35 GMT
3i, one Europe's largest venture capital firms, has given a brighter outlook for the coming year but warned any recovery won't be rapid.
The outfit - which has reported it invested £771m in 522 companies in the 11 months to 28 February - said IPO activity will now start to increase although there will be no major upturn until the end of this year.
It said the market for IPOs, or flotations, was in most respects closed for the past year.
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