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UK ranks second for global tech exits in H1 2016

The UK has ranked second in terms of the number of global tech exits to have taken place throughout the first half of 2016, according to a recent report.

Perhaps unsurprisingly, the US led the ranking while India, Canada and Germany came in third, fourth and fifth place.

In stark contrast, CB Insights’ ‘Global Tech Exits Report H1 2016‘ shows that China failed to make the top 10, having previously finished 2015 at number seven.

Share of exits

Additionally, the report says that every country in the top five had exits dominated by the internet sector.

Some 55% of tech exits in the UK were related to the internet sector whilst 11% happened in the mobile and telecommunications industry.

10% of UK tech exits were concentrated in the software space, 18% in computer and hardware services, 4% in electronics and 1% product and services....