The Thomson Reuters Post-Venture Capital Index (PVCI) reached 913.48 at the end of March, its highest monthly mark since it reached 1086.24 at the end of October 2000. The Index was comprised of 403 companies as of March 31.
In recent months, the PVCI has steadily climbed. It stood at 890.81 on Feb. 28, up from 846.84 on Jan. 31. Of the 403 stocks tracked by the PVCI in March, 238 gained in value and 165 declined.
Separately, the PVCI had a market capitalization of nearly $671 billion on March 31, up from $658 billion on Feb. 28.
The PVCI tracks venture-backed stocks from the point of going public until publicly traded for 10 years. It 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.
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. —VCJ Staff