The Thomson Financial Post-Venture Capital Index (PVCI) 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 is made up of 640 companies. The companies remain in the index for 10 years from their IPO date or until price data is no longer available, they are acquired or merged to form a new corporate entity, or they are 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. As of Dec. 29, 2006, the PVCI had an index value of 704.9, down from 715.7 a month earlier.
Separately, the PVCI had a market capitalization of $684.6 billion as of Dec. 29, down from $696.2 billion on Nov. 30. —Lawrence Aragon