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 556 companies as of April 30, 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 438.12 on April 30, up 17.9% from 371.47 on March 31 and marking the second consecutive monthly increase this year.
Separately, the PVCI had a market capitalization of $410.5 billion on April 30, up nearly 18% from $348.2 billion a month earlier.
Of the 556 stocks tracked by the PVCI in April, 459 posted gains while just 97 declined in value. —Lawrence Aragon