This Week in the Index: BillionToOne Beats the Odds

Week of October 30 – November 5, 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. BillionToOne goes public; Verkada, KoBold authorize new rounds; Cerebras sees a bump in secondaries, and publics have a rough week.

Primary Rounds & Filings

  • Verkada*: Series F $10.76/share (+24.8% vs Series E).
  • KoBold Metals*: Series C‑Prime $112.61/share (+32.6% vs Series C).
  • BillionToOne* (BLLN): IPO at $60/share (+114% vs last private round).

Secondary Transactions

  • Cerebras Systems: +4.1% to $38.50

Public Components

  • CoreWeave (CRWV): −18.2% to $114.42
  • Circle (CRCL): −14.2% to $113.03
  • Figma (FIG): −13.4% to $44.01
  • Hinge Health* (HNGE): −8.5% to $45.39
  • Via Transportation* (VIA): −0.7% to $52.67
  • Netskope* (NTSK): −2.9% to $22.74
  • Navan* (NAVN): $17.70 (IPO price: $25)

Notable News 

Index Performance

The Prime Unicorn 30 Index closed at 173.55 on Nov 5, down 2.1% vs 177.22 on Oct 29.

*These companies are components of the Prime Unicorn Composite Index, but are not included in the Prime Unicorn 30 Index.