PVCI continues its record climb

The Thomson Reuters’ Post-Venture Capital Index (PVCI), which has no doubt been lifted by a robust IPO market, has climbed to 984.19 at the end of September. This is its highest end-of-month mark since October 2000 when it stood at 1086.24.

The PVCI, which ended the previous month at 921.14, has been on a steady climb throughout 2013. The PVCI started the year at 807.27. Similarly, the Dow Jones (319.36 points) and the Nasdaq (181.61 points) also experienced significant gains to end September.

The PVCI at the end of September was comprised of 534 companies. Of the stocks tracked on the index, 390 advanced in value while 144 declined. Among the top market value gainers, according to the PVCI, were Facebook, Google and Baidu.

To see the PVCI, click on the link “Related Files” on the right.

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 raised 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.