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The technology sector posted a year-over-year and quarter-over-quarter growth of 4.2% in the second quarter of 2016.
The Internet subsector remained the growth driver, with a strong 21.5% year-over-year growth and a 9% uptick quarter over quarter.
Amid on-going market uncertainty, M&A activity continued, with some big deals in several subsectors being announced.
The technology IPO market showed signs of renewed life, posting a 40% sequential growth in IPOs and a 92% growth in proceeds from the first quarter.