Private Company Stock Prices End Q1 with 6.27% Decline

ApeVue - New York, NY
April 6, 2022

ApeVue data show that private companies remain negative year-to-date (March 31st, 2022)

New York, NY, 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%, respectively, also over Q1 of 2022. 

Cross-sector overview:

Sector overview: Financials  

Across the businesses focused primarily on financial services, ApeVue has tracked average price declines of 8.78% across 14 major names (from 01–Jan-22 until 01-Apr-22), most notably Addepar, Brex, Chime, Klarna, Kraken, and Stripe.  New names joining the ApeVue Financial sector include Toss and Deel, with performance of -3.92% and +2.82% respectively for the month of March.

Sector overview: Entertainment

Private stocks principally categorized as Entertainment (inclusive of Social Media) have seen price declines of 10.07% this year to April 1st, according to ApeVue’s average across seven top issuers in the sector. ByteDance, Epic Games, Patreon, and OpenSea led the charge lower, while newcomer Tonal outperformed with a positive return of 1.69%.  

Sector overview: Data & Data Analytics 

Data and Data Analytics companies’ private stock performance tracked by ApeVue have pared their February declines slightly, but remain down by an average of 1.46% through the first quarter of 2022.  Across 10 unicorn-sized businesses in the sector for March 2022, half showed declines averaging to -6.15%, while gainers were up an average of 12.67% for the month. 

Sector overview: Food 

Performance of private, food-focused unicorns’ stock tracked by ApeVue has fared worse than other sub-sectors since the 31st of December 2020 inception of the ApeVue50.  It remains negative for the past six months, and is down 8.84% through the first quarter of 2022. 

Sector overview: ApeVue50

The performance of 50 most active stocks tracked by ApeVue is down 6.27% in Q1-2022, which is a far cry from the Q1-2021 gains of 51.44%.  There are currently four sub-sectors representing the ApeVue50 plus names that have been classified as Health, Education, and eCommerce.

Active company stocks & commentary

“We will continue expanding visibility on individual stock prices in ApeVue’s universe of coverage.  Our aspirations include supporting investors who follow the private markets with an objective, low-latency approach," said Nicholas Fusco, CEO and founder of ApeVue. 

Four of the most active private company stocks observed by ApeVue over the past three months include OpenSea, SpaceX, Kraken, and Epic Games (see relative performance pictured at left).   Several companies previously with consistent activity have filed S-1’s with the SEC to pursue IPO, and future offer pricing is not currently known to ApeVue.

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About ApeVue 

ApeVue provides objective, daily pricing for non-public company stocks. Our independent data help  institutional investors understand market conditions, measure risk and assign valuations with  confidence. Price data from ApeVue are constructed from aggregated, anonymized market activity  information sourced from licensed brokers at the nexus of institutional trading. Unlike traditional  company valuation assessments done quarterly, ApeVue data show equity price fluctuations  between funding rounds and regular financial reporting periods. With the largest, most timely,  independent dataset covering non-listed companies, ApeVue is the best source for up-to-date  insights about the dynamic pre-IPO company market. 

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