No Summer Doldrums for PVCI

The Thomson Reuters Post-Venture Capital Index (PVCI) rose slightly from 885.61 to 896.48 at the end of July.

The high water mark for the PVCI in recent months was 930.36, at the end of April, but it has been mostly declining since then.

The Index at the end of July was comprised of 392 companies, and of the stocks tracked by the PVCI, 143 gained in value while 249 declined.

Separately, the 392 companies in the PVCI had a market capitalization at the end of July of more than $646 billion, up 1.4% from the $642 billion as of June 30.

The PVCI tracks VC-backed stocks beginning at the point of going public. 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.