Silicon Valley Bank’s Run Up and Potential Run
With clarity, ApeVue expects that SVB’s loans deemed “more sensitive to market correction,” those being Early Stage (3%), Growth Stage (6%), and Innovation C&I (12%), had a profound impact on assurances of repayment. In our view these hold substantial duration risk, given the counterparties are typically beholden to markets for when they can next raise or structure new capital deals.
ApeVue: 2022 Year in Review
2022 was a year of immense change in private markets. How will 2023 fare in comparison?
Mixed Results for Mutual Funds' Private Equity Mark to Market
Some managers continue to ignore the private market’s equity fallout YTD of -34.19% through November, as tracked by the ApeVue50 index of the 50 most active unicorns in the secondary market. Most managers with whom ApeVue has spoken are either already remarking, or are in the process of evaluating their valuations coming into year end.
American unicorns: When primary rounds are distant, secondary markets provide clarity
Unlike in the public markets, valuations of so-called ‘unicorn’ start-ups might only be updated following funding rounds. What if investors want insights more frequently?
Secondary markets plateau in October according to ApeVue
Private secondary markets continued to decline slightly in October according to ApeVue, as private firms face uncertain economic outlook and capital constraints.
Private Company Secondaries Outperform Public Peers in September
Stocks of private companies far outpaced public equities last month, according to ApeVue, the first independent, daily pricing data service for unicorn stocks. Amid a weak year in public markets, the 50 most active private companies in the institutional market, including well known brands like Stripe, Impossible Foods and Klarna, lost 30.61% for investors up until October 1st.
Summer lull? Only for buyers. Secondary sell-off continues through August according to ApeVue.
Secondary activity shows continued sell-offs in August says ApeVue, continuing a rocky summer for venture backed startups. Investor appetite for new positions slows significantly as public market woes continue to impact the private sector. August saw a decrease in overall activity, likely to pick back up as the fall approaches.
Owlin and ApeVue Form Data Partnership to Increase Transparency in Private Equity Markets
Owlin, the acclaimed AI-based news analytics platform, and ApeVue, the global leader in market-based pricing data for private stocks, today announced they will offer select insights across both of their data platforms to better service private capital markets customers. Through the partnership, ApeVue’s daily pricing service will incorporate Owlin’s news content on private companies, providing customers with another source of market context for ApeVue’s unique dataset.
Secondary Data gave Clues to Primary Funding in July
The presence of buyers and trades in July draws allusions to the daring stepping up to catch a falling knife. For those with the gumption to call the bottom here and be shrewd enough to confidently see the other side, we hope ApeVue data have helped. For the bears who are betting on furthering declines ApeVue sheds light on, perhaps the tempered volatility of July is more of a seasonal lull.
June performance in Private Stocks Rivals Public Markets
New York, NY, July 6, 2022 — ApeVue reports extended declines to end the second quarter. With a sizeable sellers market, along with an underweighting of bids and trades by historical measures, ApeVue’s composites fell across all major sectors through June; declines were apparent in unicorn stocks spanning entertainment, data/analytics, finance, and private food companies.
The great Silicon Valley shake-out
ApeVue, a data provider, offers a hint of what is happening by tracking share prices in the secondary markets, where shares of private firms can be bought and sold. An equally weighted index of the 50 most-traded startups has declined by 17% since its peak in January. Using ApeVue’s data, The Economist estimates that a basket of 12 big startups worth $1trn at the start of this year is now worth about $750bn.
Key Private Equity Names Continue Visible Decline through May
New York, NY, June 3, 2022 — ApeVue, the first independent provider of daily time series pricing and benchmarking for private markets, continues to report declines in the second quarter. By utilizing both objective primary and secondary market activity, ApeVue data show equity price fluctuations between funding rounds and regular financial reporting periods.
Private Markets Dampen with Further Declines in April
May 5, 2022 — ApeVue, the first independent pricing data service for private stocks, continues to show weakness inferred from the private equity secondaries market this year. From January 1 to the end of April, the average stock price in the ApeVue Active 50 (a basket representing the most active companies observed in the institutional secondary market) declined 9.64%. Private stocks (including ByteDance, Epic Games, Klarna, and OpenSea) led the charge lower through April, while still maintaining stronger relative performance to key public benchmarks; shown below as the comparison between...
Private Company Stock Prices End Q1 with 6.27% Decline
April 6, 2022 — Unicorn companies’ stocks largely continued their 2022 declines through March, according to ApeVue, the first daily, independent pricing data service for late stage private stocks. From January 1 to the end of March, the average stock price in the ApeVue Active 50 (a basket representing the most active companies observed in the institutional secondary market) declined 6.27%. Despite a stronger performance over the last year, private company stocks have seen their year to date returns in the realm of their publicly-traded peers. The S&P 500 and Nasdaq were down 4.95% and 9.10
Public and Pre-IPO Company Stocks Decline in 2022
Stocks in unicorn companies are declining in 2022, according to ApeVue. From January 1 to the end of February, the average stock price in the ApeVue Active 50 (a basket representing the most active companies observed in the institutional secondary market) declined 3.47%. However, private company stocks were still more resilient than their publicly-traded peers. The S&P 500 and Nasdaq were down 8.23% and 12.10%, respectively, over the same period.
Private Company Stocks Outperform Public Equities by 107% in 2021
Stocks of private companies far outpaced public equities last year, according to ApeVue, the first independent, daily pricing data service for pre-IPO stocks. Amid a strong year in public markets, the 50 most active private companies in the institutional market, including well known unicorns like SpaceX, Impossible Foods and Epic Games, and less visible, but significant companies like Stripe, Chime and Discord, returned 133.91% for investors in 2021.
First Daily Pricing Data Service for Pre-IPO Stocks Launched by ApeVue
The first independent, daily pricing data service for pre-IPO stocks launched today by ApeVue. The service provides daily prices for around 100 non-public companies, including well known unicorns like SpaceX, Impossible Foods and Epic Games, as well as less visible, but significant companies like Addepar, Chime and Discord.