The PVCI Strikes a Similar Chord

The Thomson Reuters Post-Venture Capital Index (PVCI), fell to 901.16 at the end of May, down slightly from the 930.36 mark it reached the month before.

In recent months, the PVCI has steadily climbed. It stood at 913.48 on March 31, which was up from 890.81 on Feb. 28.

The Index was comprised of 409 companies, as of May 31. Of the 409 stocks tracked by the PVCI in May, 158 gained in value while 251 declined.

Separately, the PVCI had a market capitalization of more $672 billion on April, down 2.5% from the $689 billion value the month before.

The PVCI tracks VC-backed stocks beginning at the point of going public. 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.