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Both tech M&A and IPOs 'march' on with late-Q1 surge after slow start

Spending on tech deals in both January and February slumped to the lowest consecutive monthly totals since 2013. However, by the final month of the first quarter, acquirers were back in business, spending as much in March as they did in the two previous months combined. Meanwhile, the long-dormant IPO market also stirred to life in March, as a pair of software vendors found a profitable path to Wall Street. In Q1 last year, not a single tech company came public.