Venture-backed U.S. IPOs hit lowest levels in two years

About 17 venture-backed companies raised $1.43 billion in the three months ended March, compared with 37 that raised $3.40 billion in the same period a year earlier, according to the report. The last time the number fell below 20 was in the first quarter of 2013, when eight venture-backed companies raised $716.9 million. It began trading on the New York Stock Exchange on Jan. 22.

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