Year to Date Return on the Index is 25.16% A record 15 private companies joined the Index, while five left.
The Prime Unicorn Index, the first index to track the share price performance of privately-funded U.S. companies, announced today its quarterly reconstitution. The index, which gives equal-weighting to its constituents, has added a record 15 companies that qualify as Unicorns or Approaching Unicorns. Five companies have left the index – two have had successful IPOs and three were acquired.
Post by Lagniappe Labs LLC
The Prime Unicorn Index added nine constituents and dropped one in its quarterly reconstitution, for a total of 93 index components as of Q1 2018.
The additions to the Index are: Urban Compass, AvidXchange, Discord, Bolt Threads, Proterra, WellTok, Flatiron Health, Health Catalyst, and Pindrop Security.
The deletion from the Index is: Forescout Technologies
As more high-performing companies defer or eliminate plans to go public, the demand for information and investment exposure to this growing portion of the American economy has soared. The Q1 2018 Prime Unicorn Index Reconstitution Report provides more information on the new nine constituents and how they compare against the Index.
The Q4 2017 Prime Unicorn Index Trend Report is an analysis of 85 components that comprised the Index in the last quarter of 2017. The Index includes both unicorns and “approaching unicorns,” which are private companies with a valuation of at least $500 million. Valuations for individual components are determined by an analysis of various documents, such as: Certificates of Incorporation, Employee-Plan Exemption Notices, Limited-Offering Exemption Notices, Annual Report filings, Form Ds, bankruptcy filings, and many more sources. Utilizing all sources, we can extract key Deal Terms, such as: Round of Financing, Round Direction, Liquidation Preference, Liquidation Multiple and Dividend Rate. The report analyzes the different trending deal terms for a more granular picture of the capitalization structures surrounding the Q4 2017 Index components.