ICE and OPEN Introduce New Benchmark for Tracking Large U.S. Venture-Backed Unicorns
Intercontinental Exchange (NYSE: ICE) and OPEN have launched the NYSE® OPEN Venture Capital Unicorn® Index (NYSEOVC), a new benchmark tracking 50 large U.S.-based, privately held unicorn companies. This index represents a significant step in bridging public and private markets, offering enhanced transparency and insights into high-growth venture-backed private companies.
The index uses OPEN's innovative approach to valuing private companies and ICE's robust index calculation services. It aims to provide deeper insights into the performance and valuation dynamics of leading private venture capital companies, particularly those valued at over $1 billion. This collaboration between OPEN and ICE is designed to democratize access to private markets and empower investors with tools to monitor and participate in the growth potential of groundbreaking companies.
Intercontinental Exchange (NYSE: ICE) e OPEN hanno lanciato il NYSE® OPEN Venture Capital Unicorn® Index (NYSEOVC), un nuovo indice che traccia 50 grandi aziende unicorno statunitensi a capitale privato. Questo indice rappresenta un passo significativo nel collegare i mercati pubblici e privati, offrendo maggiore trasparenza e informazioni sulle aziende private sostenute da venture capital in forte crescita.
L'indice utilizza l'approccio innovativo di OPEN per la valutazione delle aziende private e i robusti servizi di calcolo degli indici di ICE. Si propone di fornire approfondimenti più dettagliati sulle dinamiche di performance e valutazione delle principali aziende di venture capital private, in particolare quelle valutate oltre 1 miliardo di dollari. Questa collaborazione tra OPEN e ICE è progettata per democratizzare l'accesso ai mercati privati e dare agli investitori strumenti per monitorare e partecipare al potenziale di crescita di aziende all'avanguardia.
Intercontinental Exchange (NYSE: ICE) y OPEN han lanzado el NYSE® OPEN Venture Capital Unicorn® Index (NYSEOVC), un nuevo índice que rastrea 50 grandes empresas unicornio con sede en EE.UU. y de propiedad privada. Este índice representa un avance significativo en la conexión de los mercados públicos y privados, ofreciendo una mayor transparencia y conocimientos sobre las empresas privadas respaldadas por capital de riesgo en rápido crecimiento.
El índice utiliza el enfoque innovador de OPEN para valorar empresas privadas y los robustos servicios de cálculo de índices de ICE. Su objetivo es proporcionar nuevamente información más profunda sobre el rendimiento y las dinámicas de valoración de las principales empresas de capital de riesgo privado, especialmente aquellas valoradas en más de 1 mil millones de dólares. Esta colaboración entre OPEN e ICE está diseñada para democratizar el acceso a los mercados privados y empoderar a los inversores con herramientas para monitorear y participar en el potencial de crecimiento de empresas innovadoras.
인터컨티넨탈익스체인지 (NYSE: ICE)와 OPEN은 NYSE® OPEN Venture Capital Unicorn® Index (NYSEOVC)를 출시했습니다. 이 새로운 지수는 미국에 본사를 둔 50개의 대형 비상장 유니콘 기업을 추적합니다. 이 지수는 공공 시장과 민간 시장을 연결하는 중요한 첫걸음을 나타내며, 고성장 벤처 자금 지원 비상장 기업에 대한 투명성과 통찰력을 향상시킵니다.
이 지수는 OPEN의 혁신적인 비상장 기업 평가 접근 방식을 활용하고 ICE의 강력한 지수 계산 서비스를 사용합니다. 지수는 10억 달러 이상의 가치를 가진 주요 민간 벤처 자본 기업의 성과 및 가치 동태에 대한 더 깊은 통찰력을 제공할 것을 목표로 하고 있습니다. OPEN과 ICE 간의 협력은 민간 시장에 대한 접근을 민주화하고 투자자들에게 혁신 기업의 성장 잠재력을 모니터링하고 참여하기 위한 도구를 제공하기 위해 설계되었습니다.
Intercontinental Exchange (NYSE: ICE) et OPEN ont lancé l'Indice des Licornes de Capital-Risque NYSE® OPEN (NYSEOVC), un nouvel indice qui suit 50 grandes entreprises licornes américaines privées. Cet indice représente une étape significative pour relier les marchés publics et privés, offrant une transparence et des informations accrues sur les entreprises privées soutenues par des capitaux-risque à forte croissance.
L'indice utilise l'approche innovante d'OPEN pour évaluer les entreprises privées ainsi que les services robustes de calcul d'indices d'ICE. Il vise à fournir des insights plus profonds sur les performances et la dynamique de valorisation des principales entreprises de capital-risque privées, en particulier celles évaluées à plus d'un milliard de dollars. Cette collaboration entre OPEN et ICE a pour objectif de démocratiser l'accès aux marchés privés et d'offrir aux investisseurs des outils pour surveiller et participer au potentiel de croissance des entreprises innovantes.
Die Intercontinental Exchange (NYSE: ICE) und OPEN haben den NYSE® OPEN Venture Capital Unicorn® Index (NYSEOVC) ins Leben gerufen, einen neuen Benchmark, der 50 große, in den USA ansässige, privat gehaltene Unicorn-Unternehmen verfolgt. Dieser Index stellt einen bedeutenden Schritt dar, um öffentliche und private Märkte zu verbinden, und bietet größere Transparenz und Einblicke in wachstumsstarke, von Wagniskapital unterstützte Privatunternehmen.
Der Index nutzt OPENs innovativen Ansatz zur Bewertung von Privatunternehmen sowie die robusten Indexberechnungsdienste von ICE. Er zielt darauf ab, tiefere Einblicke in die Leistungs- und Bewertungsdynamik führender privater Wagniskapitalunternehmen zu bieten, insbesondere solcher mit einem Wert von über 1 Milliarde Dollar. Diese Zusammenarbeit zwischen OPEN und ICE soll den Zugang zu privaten Märkten demokratisieren und Investoren Werkzeuge an die Hand geben, um das Wachstumspotenzial bahnbrechender Unternehmen zu überwachen und daran teilzunehmen.
- Launch of NYSE® OPEN Venture Capital Unicorn® Index tracking 50 large U.S. unicorns
- Innovative approach to valuing private companies
- Enhanced transparency for high-growth venture-backed private companies
- Collaboration between ICE and OPEN combining pricing data and index administration
- None.
Insights
The launch of the NYSE® OPEN Venture Capital Unicorn® Index marks a significant development in private market valuation. This index could potentially bridge the gap between public and private markets, offering investors a new tool to track high-growth, venture-backed companies. The inclusion of 50 large U.S.-based unicorns provides a broader perspective on the private equity landscape.
From an investor's standpoint, this index could offer valuable insights into market trends and valuation dynamics of leading private companies. However, it's important to note that while this index enhances transparency, private company valuations can still be volatile and less predictable than public market equivalents. Investors should approach this new benchmark with cautious optimism, using it as one of many tools in their decision-making process.
The NYSE® OPEN Venture Capital Unicorn® Index represents a paradigm shift in private market analysis. By applying a rigorous methodology to value private companies, it addresses a long-standing challenge in the venture capital ecosystem. This index could potentially standardize valuation practices for unicorns, leading to more informed investment decisions.
However, the true test of this index will be its accuracy and reliability over time. Given the opaque nature of private companies, maintaining up-to-date and accurate data for 50 unicorns could prove challenging. Moreover, the index's impact on unicorn valuations themselves remains to be seen. It could potentially lead to more frequent valuation adjustments, affecting both private and public market dynamics.
The NYSE® OPEN Venture Capital Unicorn® Index is a game-changer for the tech industry. By providing a benchmark for unicorn performance, it could influence funding strategies and exit timelines for high-growth startups. This index might encourage more transparency in the notoriously secretive world of tech unicorns, potentially leading to more informed decision-making by investors and founders alike.
However, there are potential downsides to consider. Increased scrutiny could pressure unicorns to prioritize short-term growth over long-term sustainability. Additionally, the index might disproportionately benefit larger, more established unicorns at the expense of smaller, emerging players. As the tech landscape evolves, it will be important to monitor how this index shapes industry dynamics and investment patterns.
NYSE® OPEN Venture Capital Unicorn® Index includes 50 large
Uses innovative new approach to valuing private companies
"We are thrilled to introduce the NYSE® OPEN Venture Capital Unicorn® Index, a key development in the evolution of bridging public and private markets," remarked David Shapiro, CEO at OPEN. “By applying our rigorous new approach to valuing privately held companies, and working with ICE to calculate and administer the index, we’re bringing a deeper level of transparency to some of the most innovative and fastest-growing private companies in the U.S.”
The NYSE® OPEN Venture Capital Unicorn® Index is designed to track the performance of 50 large
“OPEN’s methodology for valuing privately held companies offers deeper insights into the growth we’re seeing across the broader venture-backed tech industry,” said Preston Peacock, Head of ICE Data Indices. “As part of the ICE family of indices, this new index will be part of ICE’s suite of offerings supporting the entire index and ETF lifecycle, which ranges from securities pricing and index creation all the way to listing and trading ETFs on the New York Stock Exchange.”
“Unicorns” are privately held start-up companies with valuations of over
For more information about the NYSE® OPEN Venture Unicorn® Index, please visit www.openvc.com. The index methodology and data can be found on the ICE Index Platform at indices.ice.com.
About OPEN
OPEN is bringing the revolution of index investing to late-stage venture capital, enabling better access to the world’s most innovative private Unicorns. Our mission is to offer access to venture capital with a low-fee, institutional-grade product. With a relentless focus on fee reduction and the power of index investing we are committed to enabling access to this asset class for all investors. For more information, visit www.openvc.com.
About Intercontinental Exchange
NYSEOVC is administered by ICE Data Indices, LLC. Additional, important information regarding the index, including methodology and limitations, is available at indices.ice.com.
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
View source version on businesswire.com: https://www.businesswire.com/news/home/20240819421324/en/
ICE Media Contact:
Damon Leavell
damon.leavell@ice.com
(212) 323-8587
ICE Investor Contact:
Katia Gonzalez
katia.gonzalez@ice.com
(678) 981-3882
OPEN Media Contact:
Will Snape
william.snape@openvc.com
Source: Intercontinental Exchange
FAQ
What is the NYSE® OPEN Venture Capital Unicorn® Index (NYSEOVC)?
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