PVCI Takes a Hit

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 421 companies as of Aug. 31, seeks to track the universe of venture-backed stocks from the point of going public until publicly traded for 10 years.

(See tables here)

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 630.51 on Aug. 31, down 4.8% from 662.34 on July 30.

Separately, the PVCI had a market capitalization of $465.06 billion on Aug. 31, down 4.9% from $489.06 billion on July 30.

Of the 421 stocks tracked by the PVCI in August, just 102 gained in value, while 319 declined. —Lawrence Aragon