PVCI Rally Continues

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 525 companies as of July 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 PVCI stood at 552.10 on July 31, up 8.7% from its close on June 30. It was the fifth consecutive monthly increase for the index this year.

Separately, the PVCI had a market capitalization of $452.97 billion on July 31, up 7.5% from June 30.

Of the 525 stocks tracked by the PVCI in July, 369 gained in value, while 156 declined. —Lawrence Aragon