The Prime Unicorn Index added 14 constituents and dropped 6 in its quarterly reconstitution, for a total of 119 index components for Q3 2021. Currently, the median market cap is $2.4 billion and the Index’s total market value is $648 billion.
GoBrands, Anduril Industries, Komodo Health, Ethos Technologies, EquipmentShare.com, Yanka Industries, Side, KeepTruckin, DBT Labs, Mark43, ASAPP, Inari Agriculture, Pantheon Systems and Bind Benefits qualified as new index components this quarter with their valuations being greater than $1B.
Unity Software, DoorDash, Airbnb and Desktop Metal all satisfied public trading day requirements and have been removed from the index.
Neutron Holdings was removed from the index because their valuation fell below $1 billion.
Auth0 was acquired by Okta and has been removed from the index.
The Q3 2021 Prime Unicorn Index Reconstitution Report provides more information on the new 14 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.