- Intercontinental Exchange (ICE, Financial) and OPEN launch the NYSE® OPEN VC Unicorn® 20 Index (NYOV20L).
- The new index tracks 20 top U.S.-based venture-backed Unicorns.
- It uses a liquidity-screened, valuation-weighted methodology for pre-IPO companies.
Intercontinental Exchange, Inc. (ICE) and OPEN have introduced the NYSE® OPEN VC Unicorn® 20 Index, a new benchmark designed to monitor the performance of 20 leading U.S.-based, privately held Unicorn companies. This index aims to enhance investor access to high-valued private companies known for driving innovation in sectors such as artificial intelligence, technology, fintech, and aerospace.
According to David Shapiro, CEO at OPEN, "With this new focused index, investors can track the performance of a more liquid and sought-after basket of pre-IPO companies through a rules-based, valuation-driven approach." The index utilizes OPEN’s proprietary models to select companies meeting strict valuation and liquidity criteria.
Preston Peacock, Head of ICE Data Indices, highlighted the importance of the index in offering unique insights into venture-backed, pre-IPO companies. The launch of this index marks an expansion upon the NYSE® OPEN Venture Capital Unicorn® Index, providing a more targeted approach to tracking the market's top performers.
