The Prime Unicorn Index added 7 constituents and dropped 3 in its quarterly reconstitution, for a total of 116 index components for Q1 2019. The return for 2018 has increased to 40.19%. Currently, we are tracking 116 U.S.-based private companies in the Index, with a median market cap of $1.06 billion. The Index’s total market value has increased to $323 billion. Key upside drivers affecting Index performance include two successful IPOs (Twist Bioscience Corp and Eventbrite); one acquisition (GitHub); and primary funding rounds (including SpaceX, Rubrik, Plaid, Samsara Networks, Netskope, Allbirds, and more).
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 2019 Prime Unicorn Index Reconstitution Report provides more information on the new 7 constituents and how they compare against the Index.