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Press Release: The Prime Unicorn Index Announces Quarterly Reconstitution; Seven Companies Added, While Three Drop Out

Index Climbs More Than 40 Percent in 2018, but prevailing sentiment points toward a correction. SHREVEPORT, La.--(BUSINESS WIRE) --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 seven companies that qualify as [...]

Prime Unicorn Index’s Uber and WeWork Part of Softbank CEO’s “Unicorn Hunter” Strategy

  Softbank’s CEO Masayoshi Son, is making a personal strategic shift from managing telecoms to investing in technology firms. In a Reuter’s article,  in June of this year, by journalist Sam Nussey, Son remarked, “I have spent 97 percent of my time on managing the telecoms business and only 3 percent on investing,” Son said. [...]

The Prime Unicorn Index’s Impressive Return Draws Attention from the Industry

In late October The Prime Unicorn Index, the first index to track the share price performance of privately-funded U.S. companies, announced its quarterly reconstitution. But the real news, which captured the attention of Markets Insider, Benzinga, finanzen.net and hundreds of other media outlets, was the Index’s stellar year-to-date return of 25.16 percent. First, a little [...]

Instacart Authorizes $600M Series F Preferred Stock, Valuation close to $7 Billion

Instacart, the grocery delivery service that allows users to select groceries from items at stores like Whole Foods, Trader Joe's, Safeway, and Costco via a mobile phone or the Web, as raised a new round of financing. The Amended and Restated Certificate of Incorporation was filed 10/16/2018, and authorized $600M worth of new equity. If [...]

JUUL Creates a Smoke Ring Around $14.72B Valuation

E-Cigarette  start-up, JUUL Labs, is now valued at $14.72B according to the Prime Unicorn Index. The Series E round was a major up swing from their prior rounds, going from $3.10 per share to $179.25 per share.

Exclusive: Warby Parker Seeks To Raise $75 Million

  Exclusive: Warby Parker Seeks To Raise $75 Million March 8, 2018 Warby Parker is looking to raise $75 million for its Series E round of financing, Cheddar has learned.The eyewear company disclosed its plans to raise money in a filing with the state of Delaware on March 7 that was signed by its president [...]