The Prime Unicorn Index added 12 constituents and dropped 4 in its quarterly reconstitution, for a total of 124 index components for Q2 2019. Currently, we are tracking 124 U.S.-based private companies in the Index, with a median market cap of $1.01 billion. The Index’s total market value has increased to $423 billion. Key upside drivers affecting Index performance include three successful IPOs (Lyft, Pinterest, and Zoom) who will stay in the index until next quarter; and primary funding rounds (including Toast, ezCater, Affirm, Rent The Runway, Medallia, DoorDash 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 Q2 2019 Prime Unicorn Index Reconstitution Report provides more information on the new 12 constituents and how they compare against the Index.