<p>The number of M&As also returned to 2009 levels, with the second quarter seeing 79 venture-backed M&As, 36 of which had an aggregate deal value of $5.4 billion. <br /><br />It’s been a field day for IT sector, with 14 of 21 IPO exits coming from this space. Even in M&A, it ruled roost with 56 deals and total value of $2.7 billion. In largest IPO of the quarter — Russian internet company Yandex raised $1.3 billion on May 24 — second-largest offering after Google’s $1.7 billion IPO in 2004.</p>
<p>The number of M&As also returned to 2009 levels, with the second quarter seeing 79 venture-backed M&As, 36 of which had an aggregate deal value of $5.4 billion. <br /><br />It’s been a field day for IT sector, with 14 of 21 IPO exits coming from this space. Even in M&A, it ruled roost with 56 deals and total value of $2.7 billion. In largest IPO of the quarter — Russian internet company Yandex raised $1.3 billion on May 24 — second-largest offering after Google’s $1.7 billion IPO in 2004.</p>