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Stock index of venture-backed listings inches up a little

The Thomson Reuters’ Post-Venture Capital Index (PVCI) gained 27.43 points points in October to end the month at 1178.95, a 2.38 percent gain from the 1151.52 total at the end of September.

The index value ending on Oct. 31 stands more than 212 points, or 22 percent, over the 966 point value when it started the year.

The Nasdaq and the S&P also gained value in October.

At the end of the month, the PVCI was comprised of 330 companies. Of the stocks tracked, 162 advanced in value in October while 168 declined.

The number of companies in the index rises and falls, depending on new issues or as the companies fold or are acquired. Also, companies remain in the index for only 10 years.

A total of 43 of the advancing stocks in September were in computer software and services, while 26 stocks rise in the biotech sector. The largest group of decliners was in biotech with 48, followed by computer software with 33 decliners.

Facebook, as it typically does each month, ranked as the company with top market value, as of Oct. 30, followed by Tesla and NXP Semiconductors.

The index is calculated daily and does not take into account dividends.

It began in January 1986 with an initialized index value of 100.

Download Data: PVCI as of Oct. 31 2017

Photo of a businessman standing in front of a wall with rising indicator courtesy of DNY59/iStock/Getty Images

 

Additional Data

Monthly Index (October 2016 – October 2017)

PVCI vs. Nasdaq and S&P500