This Week in the Index- IPO Fever

Week of September 11 – September 17, 2025

Quick Summary

Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. Via goes public, with Netskope on deck. Secondaries mixed (Discord lower; Shield AI lower). Publics higher (Circle led). Index -0.3% WoW.

Primary Rounds & Filings

  • Via Transportation: IPO at $46 (last private round: Series G at $45.51).

Secondary Transactions

  • Discord: $250 → $240 (-4.0%)
  • Shield AI: $79.40 → $78.00 (-1.8%)

Public Components

  • CoreWeave (CRWV): +3.2% to $120.86
  • Circle (CRCL): +15.3% to $131.04
  • Figma (FIG): +7.3% to $54.78
  • Hinge Health (HNGE): +1.0% to $56.74
  • Via Transportation (VIA): $50.00

Notable News

Index Performance

  • The Prime Unicorn 30 Index closed at 172.61 on Sept 17, down 0.3% vs 173.13 on Sept 10