TLDR:
- Intercontinental Exchange and OPEN launched the NYSE® OPEN Venture Capital Unicorn® Index (NYSEOVC) to track U.S.-based venture-backed unicorn companies.
- The index offers enhanced insights into the performance and valuation dynamics of leading private venture capital companies.
Intercontinental Exchange, a global technology and data provider, and OPEN introduced the NYSE® OPEN Venture Capital Unicorn® Index (NYSEOVC) to monitor a basket of U.S.-based, privately held and venture-backed unicorn companies. This new benchmark represents a paradigm shift in evaluating innovative private companies and offers investors the opportunity to track high-growth venture-backed private companies using a robust and transparent methodology. The index is designed to track the performance of 50 large U.S.-based Unicorns, offering enhanced insights into the growth and valuation dynamics of these leading private venture capital companies. By combining OPEN’s pricing and reference data with ICE’s robust index calculation and administration services, the index aims to bridge the gap between public and private markets.
The launch of the NYSE® OPEN Venture Capital Unicorn® Index marks a significant development in providing transparency and deeper insights into the venture-backed tech industry. Unicorns, which are privately held start-up companies with valuations exceeding $1 billion, represent some of the largest and high-growth venture-backed companies in the industry. OPEN’s commitment to democratizing access to private markets aligns with the goal of empowering investors with tools to participate in the growth potential of groundbreaking companies. For more information about the index, visit www.openvc.com. The index methodology and data are available on the ICE Index Platform at indices.ice.com.
