The Thomson Financial Post-Venture Capital Index 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 652 companies, seeks to track the universe of venture-backed stocks. Companies remain in the PVCI for 10 years from the IPO date or until price data is no longer available. Companies are taken off the index if they are acquired, merged to form a new corporate entity, or are removed from a publicly traded exchange.
The PVCI is calculated daily and does not take into account dividends. It began in January 1986 with an initialized index value of 100. As of Jan. 31, the PVCI had an index value of 724.8, up from 704.9 on Dec. 29, 2006.
Separately, the PVCI had a market capitalization of $736.63 billion on Jan. 31, up from $684.6 billion on Dec. 29, 2006. —Lawrence Aragon