Streszczenie
This paper examine nature of venture capital activity on IPO markets. It is determine that between main IPO markets we see differences in IPO trends and venture capital activity. Period between 2000–2012 shows how divestments of venture capital change accordingly to capital market behaviour. Changing share of venture capital stake in IPO transaction is quite important for their functioning. This paper shows the changes in field of IPO transaction conducted on US, UE and Polish market.