The Prime Unicorn Index added 3 constituents and dropped 2 in its quarterly reconstitution, for a total of 134 index components for Q4 2019. Currently, the median market cap is $1.3 billion and the Index’s total market value has increased to $488 billion. Remitly Global, ThredUP, and Omada Health qualified as new index components this quarter with their valuations being greater than $500M. Ubiome filed for bankruptcy and Evernote fell below the $500M threshold requirement for valuation; both have been removed from the index.
The Q4 2019 Prime Unicorn Index Reconstitution Report provides more information on the new 3 constituents and how they compare against the Index.
The Prime Unicorn Index provides a unique opportunity for institutional investors to access a fair representation of the private markets where they can make an investment on the future of their portfolios, whether they want to go long or short.
Additionally, the Index provides up-to-date empirical data used to track today’s private capital markets and offer ways to offset exposure in regard to direct private market investments by taking advantage of the trading opportunities presented by Prime Unicorn Index.
Please contact us for information on trading opportunities with the Index.
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