Due to last year’s relatively large proceeds inflated by TARP repayments, year-over-year comparisons caused Q2 2010’s proceeds to appear worse for wear, sinking to $43B from $106B in the year-ago period. Deal volume also slipped from a year earlier, although by a lesser degree, as a total of 194 deals priced, down from 255 deals. However, these figures are not as bleak as they appear, landing roughly in-line with the prior quarter’s 194 deals that raised $40B and exhibiting clear evidence of a sustained turnaround in the IPO market.