No Fall for PVCI in September

Thomson Reuters’ Post-Venture Capital Index (PVCI) rose to 821.9 at the end of September, a 5.4% rise from 779.97 at the end of August.

The PVCI has risen nearly 14% in the last year. The index reached a high of 930.36 at the end of April 2011. Its lowest point in 2012 was the 752.02 mark it set at the of end of May.

It started the year at 766.92.

What is the PVCI?

The PVCI tracks VC-backed stocks beginning at when they go public. It is a market-valued index that measures the performance of public stocks of companies that have received financing.

Companies remain in the index for 10 years from the IPO date or until price data is no longer available, they are acquired or removed from a publicly traded 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.

Newly Added

At the end of September, the PVCI had a market value of more than $918 billion, a 5.4% increase from the month before.

The Index at the end of September was comprised of 544 companies, and of the stocks tracked by the PVCI, 354 gained in value while 190 declined.

Two newly public VC-backed companies were added to the index in September: Qualys Inc. and Trulia Inc.