Initial public offerings of companies backed by venture capital continued to rebound in the second quarter, reaching a level not seen since the beginning of the financial crisis, although mergers and acquisitions of venture capital-backed companies slipped from record first-quarter levels, according to asurvey by Thomson Reuters and the National Venture Capital Association.

There were 17 venture-backed IPOs valued at $1.3 billion in the second quarter of 2010, the strongest quarter, by number of deals and dollar volume, since the fourth quarter of 2007.

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