A press release by the National Venture Capital Association (NVCA) and Thomson Reuters reports a significant jump in the number of VC-backed IPOs during the second quarter of 2015. The release notes a 59 percent increase by number of offerings totaling $3.4 billion, more than two times the amount raised during the first quarter of 2015, according to a report conducted by Thomson and NVCA. Life sciences related IPOs accounted for 19 of the 27 total VC-backed IPOs for the second quarter. In addition, the largest IPO for the quarter was Fitbit Inc.'s $841.2 million offering, one of eight IPOs in the quarter relating to information technology. For more on these findings, read NVCA's press release: http://nvca.org/pressreleases/ipo-activity-for-venture-backed-companies-picks-up-steam-in-second-quarter/.
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