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 475 companies as of Feb. 26, 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 PVCI stood at 665.68 on Feb. 26, up 4.3% from 638.06 on Jan. 29.
Separately, the PVCI had a market capitalization of $525.09 billion as of Feb. 26, up 4.3% from $503.43 billion on Jan. 29.
Of the 475 stocks tracked by the PVCI in February, 289 increased in value and 186 declined. —Lawrence Aragon