PVCI ticks upward

The Thomson Financial Post-Venture Capital Index (PVCI) is a market-valued index that measures the performance of stock of public companies that have received financing from a U.S. venture capital firm or buyouts limited partnership prior to going public. The index is presently comprised of 642 companies. Companies remain in the index for 10 years from the date of their IPO or until price data is no longer available. Companies are also taken off the index if they are acquired, merged to form a new corporate entity 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. As of June 30, 2006, it had an index value of 647.6, up from 643.01 in May. Separately, the PVCI’s market capitalization was $627.4 billion on June 30, up slightly from $622 billion a month earlier.