Public and Pre-IPO Company Stocks Decline in 2022

ApeVue - New York, NY
March 7, 2022

ApeVue data show that private companies turn negative year-to-date (February 28th, 2022)

New York, NY, March 7, 2022 — Stocks in unicorn companies are declining in 2022, according to ApeVue, the first independent, daily pricing data service for pre-IPO stocks. 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.

Market overview: Price returns maintaining 

The average value of the headline private companies priced by ApeVue has declined so far this quarter, with share prices broadly falling by 3.47% in January and February. In comparison, their most prominent sub-sectors have decreased 1.33% in Financials, decreased 2.47% across Entertainment, decreased 6.36% across Data & Analytics, and 2.99% in food-related businesses.

ApeVue Top Sectors by Quarter & YTD

Sector overview: Financials  

Across the businesses focused primarily on financial services, ApeVue has tracked average price declines of 1.33% across 12 major names (from 31–Dec-21 until 01-Mar-22), most notably Addepar, Brex, Chime, Klarna, Kraken, and Stripe. Certain names have maintained during the ApeVue observed 2022 contraction, particularly Addepar which continued its rise an additional 13.64%, while names like BlockFi, Carta, and Stripe each showed negative performance.

Sector overview: Entertainment & Social

Private stocks principally categorized as Entertainment (inclusive of Social Media) have seen price declines of 2.47% this year to March 1st, according to ApeVue’s average across seven top issuers in the sector. ByteDance, Epic Games, Patreon, and Scopely led the charge lower, while Discord outperformed with a positive return of 3.75%.

Sector overview: Data & Data Analytics 

Data and Data Analytics companies’ private stock performance tracked by ApeVue has declined an average of 6.36% through January and February of 2022. Across nine unicorn-sized businesses in the sector, four names (Airtable, AutomationAnywhere, Databricks, and Dataminr) of the nine showed declines in excess of 5% over the same time period.

Sector commentary

“ApeVue's more timely data has been used to create sectors for investors to follow private markets daily. The minimal lag in reporting allows our clients to track performance returns, while reflecting risk and volatility across an equal-weight portfolio of investable stocks," said Nicholas Fusco, CEO and founder of ApeVue. “In a market where existing index products can rely heavily on old or infrequent funding rounds, access to day by day information could also prove more predictive of where forthcoming primary rounds and IPOs will price."

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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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