The Thomson Reuters 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, which was comprised of 414 companies as of Dec. 31, seeks to track the universe of venture-backed stocks from the point of going public until publicly traded for 10 years.
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.
The index stood at 828.44 on Dec. 31, up from 792.67 on Nov. 30.
Separately, the PVCI had a market capitalization of more than $618 billion on Dec. 31, up from about $591 billion on Nov. 30.
Of the 414 stocks tracked by the PVCI in November, 313 gained in value and 101 declined.