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 406 companies as of Feb. 28, tracks 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 890.81 on Feb. 28, up from 846.84 on Jan. 31. At the end of February 2010, the index stood at 665.68.
Separately, the PVCI had a market capitalization of more than $658 billion on Feb. 28, up from $625 billion on Jan. 31.
Of the 406 stocks tracked by the PVCI in February, 270 gained in value and 136 declined. —VCJ Staff