Up and away

The Thomson Financial Post-Venture Capital Index 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 at present comprises 642 companies, seeks to track the universe of venture-backed stocks from the point of going public until publicly traded for 10 years.

Companies are taken off the index if they are acquired, merged to form a new corporate entity, or are 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.

As of Nov. 30, the index value was 715.7, up from 689.6 at the close of October.

Separately, the PVCI had a market capitalization of $705.8 billion on Nov. 30, up from 678.7 billion on Oct. 31. —Lawrence Aragon