The Prime Unicorn Index added 17 constituents and dropped 3 in its quarterly reconstitution, for a total of 111 index components for Q2 2021. Currently, the median market cap is $2.2 billion and the Index’s total market value is $714 billion.
Nuro, Confluent, Sprinklr, eShares, Weee!, Faire Wholesale, Highspot, Cohesity, Workato, EQRx, Clari, Tealium, Phenom People, Starburst Data, Pilot.com, Newsela and Locus Robotics qualified as new index components this quarter with their valuations being greater than $1B.
Quanergy Systems and Turo were removed from the index because their valuation fell below $1 billion.
Postmates was acquired by Uber and has been removed from the index.
The Q2 2021 Prime Unicorn Index Reconstitution Report provides more information on the new 17 constituents and how they compare against the Index.
About the Index
The Prime Unicorn Index is a modified market cap price return index that measures the share price performance of U.S. private companies valued at $1 billion or more. The price changes of component companies are calculated from publicly available information associated with company transactions, filings, and other disclosures. The index provides empirical data to asset managers and financial advisors interested in tracking today’s private capital markets. The index is designed for use in the creation of financial products and as a performance benchmark.