The Prime Unicorn Index added 15 constituents and dropped 5 in its quarterly reconstitution, for a total of 112 index components as of Q4 2018. For 2018 (Q1 – Q3) the return has increased 25.16%. Currently, we are tracking 112 U.S.-based private companies in the Index, with a median market cap of $991 million. The Index’s total market value has increased to $295 billion. Key upside drivers affecting Index performance include two successful IPOs (Bloom Energy and Sonos); three acquisitions (Counsyl, Appnexus and Apttus); and primary funding rounds (including Roblox, Opendoor, Devoted Health, Lime, 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 Q4 Prime Unicorn Index Reconstitution Report provides more information on the new 15 constituents and how they compare against the Index.