The Prime Unicorn Index added 14 constituents and dropped 5 in its quarterly reconstitution, for a total of 128 index components for Q4 2021. Currently, the median market cap is $2.8 billion and the Index’s total market value is $768 billion.
Brex, Fivetran, BetterUp, Tekion Corp, Seismic Software, Plume Design, Aurora Solar, Eightfold AI, Andela, Homelight, Pacaso, Whatnot, Chargebee, and Floqast qualified as new index components this quarter with their valuations being greater than $1B.
Opendoor Technologies, Affirm, Hims, and Roblox all satisfied public trading day requirements and have been removed from the index.
Innovium was acquired by Marvell and has been removed from the index.
The Q4 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.