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PitchBook Analyst Note: Index of Venture-Backed IPOs

Q4 2021

PitchBook Analyst Note: Index of Venture-Backed IPOs

December 2, 2021

How venture-backed IPOs stack up against the market

The IPO market in the US has smashed records in 2021 for both total value and count, with $513.0 billion across 221 listings through Q3—exits that often come with a healthy step-up valuation for private investors.

How do returns on these red-hot IPOs hold up? 

Our latest analyst note, shaped by our updated VC-backed IPO index, tracks both current and historic performance to evaluate the price performance of these listings against the broader market.


Table of Contents
Introduction 1
Q3 2021 update 2
Long-term performance 4
Methodology 5