This Week in the Index — Coreweave’s IPO, Circle Files Publicly, and New Funding Rounds
Here is a quick roundup of notable updates from our component companies: CoreWeave IPO CoreWeave IPO’d on March 28 at $40 per share. After a volatile debut, the stock is now trading around $53. Early investors, including Magnetar, saw strong returns, while others who participated in a late 2024 tender offer at $46.99 may have […]
Schmidt’s Power Play: Analyzing Relativity Space’s Corporate Restructuring
From Class Structure to Common Stock: The Corporate Overhaul The most striking change in Relativity Space’s most recent certificate of incorporation (COI), filed on March 10, 2025, is the complete elimination of the company’s previous dual-class structure. The 2023 filing showed a complex capitalization with Class A and Class B Common Stock plus eight series […]
This Week in the Index: Major Moves from CoreWeave, Anthropic, and Shield AI
This week brought significant developments for several Prime Unicorn Index components, with major fundraising rounds and IPO preparations. Here’s a look at the latest updates: CoreWeave Prepares for a Potential $4 Billion IPO CoreWeave, the AI-focused cloud provider backed by Nvidia, is gearing up for a possible IPO that could raise over $4 billion at […]
The Prime Unicorn 30 Index: Setting the Standard for Private Market Valuation
In today’s dynamic private market landscape, accurate and transparent valuation metrics have never been more crucial. The Prime Unicorn 30 Index stands as a cornerstone for measuring the performance of the leading private companies, built on principles of verifiability, transparency, and deep market expertise. A Foundation of Accuracy The Prime Unicorn 30 Index is a […]
Anthropic’s Share Price Jumps in Series E Filing
Anthropic, one of OpenAI’s biggest competitors, is making waves again with its latest funding round. According to recent reports, the AI startup is in talks to raise $2 billion at a $60 billion valuation, with Lightspeed Venture Partners leading the round. This would cement Anthropic as the fifth most valuable U.S. startup, trailing only SpaceX, […]
ServiceTitan’s IPO and the Power of IPO Ratchets
ServiceTitan (NYSE: TTAN), a Prime Unicorn Index component, makes its public debut today at $71 per share, raising $625M and valuing the company at $6.3B. While this pricing came in above the expected range of $65-67, there’s an interesting detail in its 2022 financing that impacts the final economics. What is an IPO Ratchet? An […]
This Week in the Index: Amazon’s $4B Anthropic Investment, Tender Offers, ServiceTitan IPO, and more
It’s been a busy week for Prime Unicorn Index components, with significant investments, acquisitions, tender offers, and IPO preparations. Here’s a look at the latest developments. Amazon’s $4 Billion Investment in Anthropic On November 22, Amazon announced an additional $4 billion investment in Anthropic, the third largest component of the Prime Unicorn Index. This latest […]
This Week in the Index: Lightmatter Raises $400M, Acquisitions, and More
The Prime Unicorn Index has recently shown more signs of recovery, with Lightmatter raising a $400 Series D, components making acquisitions, and multiple valuation bumps following secondary transactions. Let’s take a look. Lightmatter’s Series D On October 16, Lightmatter announced that it had raised a $400 million Series D round at a $4.4 billion post-money […]
AI Agents on the Rise: How Anthropic is Upping the Ante
Anthropic has taken significant strides with its computer-use agent, an advanced AI feature that allows its Claude model to perform tasks directly on users’ screens. This feature enables Claude to interact with various applications, using screenshots to decide and execute actions such as moving cursors, clicking, and typing. This functionality is appealing for both personal […]
Index Update: Q4 2024 Reconstitution
This week marks the quarterly reconstitution of both the Composite and Top 30 Indexes. Let’s take a look and see what’s changed. In the Top 30 Index, Navan fell below the threshold and was removed following a secondary transaction. It is still a component of the Composite Index. It was replaced by Farmer’s Business Network, […]