The Thomson Financial Post-Venture Capital Index (PVCI) is a market-valued index that measures the performance of public stocks of companies that have received financing from a U.S. venture capital firm or buyouts limited partnership prior to going public. The index, which at present comprises 658 companies, seeks to track the universe of venture-backed stocks from the point of going public until publicly traded for 10 years, at which time they are removed from the index. Companies are also taken off the index if they are acquired, merged to form a new corporate entity, or are removed from a publicly traded exchange.
The index, which is calculated daily and does not take into account dividends, began in January 1986 with an initialized index value of 100. As of June 29, its index value stood at 781.65, up from 773.73 a month earlier.
Separately, the PVCI had a market capitalization of $788.7 billion on June 29, up from $780.1 billion on May 31. —Lawrence Aragon