REPORTq3 2020 RECONSTITUTION REPORT
About the report
The Prime Unicorn Index added 5 constituents and dropped 4 in its quarterly reconstitution, for a total of 81 index components for Q3 2020. Currently, the median market cap is $2.13 billion and the Index’s total market value is $349 billion. UiPath, Udemy, Verkada, Upgrade, and DigitalOcean qualified as new index components this quarter with their valuations being greater than $1B. Peloton Interactive satisfied 150 trading days following their IPO; they have been removed from the Index. Proteus Digital Health filed for bankruptcy, Xant and Casper Sleep fell below the $1B mark and have been removed from the index.
The Q3 2020 Prime Unicorn Index Reconstitution Report provides more information on the new 5 constituents and how they compare against the Index.
About the Index
The Prime Unicorn Index is a modified market cap price return index that measures the share price performance of U.S. private companies valued at $1 billion or more. The price changes of component companies are derived from publicly available information associated with company transactions, filings, and other disclosures. The index provides empirical data to asset managers and financial advisors interested in tracking today’s private capital markets. The index is designed for use in the creation of financial products and as a performance benchmark.