The Thomson Financial Post-Venture Capital Index (PVCI) is a market-valued index that measures the performance of public stocks of companies have received financing from a U.S. venture capital firm or buyouts limited partnership prior to going public. The index, which at present comprises 640 companies, seeks to track the universe of venture-backed stocks from the point of going public until publicly traded for 10 years. Companies are taken off the index if they are acquired, merged to form a new corporate entity or if they are removed from a stock exchange. The index is calculated daily and does not take into account dividends. It began in January 1986 with an initialized index value of 100.
The PVCI had an index value of 689.6 on Oct. 31, up from 637.8 at the close of September. Separately, the market capitalization for the index shot up to $678 billion on Oct. 31 from $626.9 billion the prior month. The PVCI market cap has now increased for four consecutive months, after falling below $600 billion in July and August.