The document summarizes a report by PricewaterhouseCoopers on US IPO activity in the second quarter of 2010. It finds that the number of IPOs in Q2 2010 nearly tripled that of Q2 2009, with 39 IPOs raising $5.1 billion compared to 12 IPOs raising $1.6 billion the prior year. Financial sponsors accounted for 84% of proceeds, and while IPO volume increased, the number of deals declined month over month in Q2 2010. The IPO pipeline remains robust for the remainder of the year.