The Thomson Reuters Post-Venture Capital Index (PVCI), buoyed by an uplifting stock market in recent months, reached 930.36 at the end of April, its highest monthly mark since it reached 1086.24 at the end of October 2000. The Index was comprised of 402 companies, as of April 29.
In recent months, the PVCI has steadily climbed. It stood at 913.48 on March 31, which was up from 890.81 on Feb. 28. Of the 402 stocks tracked by the PVCI in March, 253 gained in value while 149 declined.
Separately, the PVCI had a market capitalization of more $682 billion on April, up from about $670 billion the month before.
The PVCI tracks venture-backed stocks from the point of going public until publicly traded for 10 years. It 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.
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. —VCJ Staff