‍PM50 Growth Index & Sectors Performance

|| Return On Investment (ROI) from December 31, 2023 until February 28, 2025.

PM50 Growth: 56%

Automation: 24%

AI: 114%

Financial: 40%

Analytics: 5%

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PM50 Growth Privates versus Public Benchmarks/ETFs

|| ROI from December 31, 2023 until February 28, 2025.

PM50 Growth: 56%

Invesco Nasdaq-100 ETF: 25%

SPDR S&P 500 ETF Trust: 27%

RENAISSANCE IPO ETF: 12%

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Public v. Private (12mo)

The PM50 Growth tracks the performance of the 50 most active private names observed in the secondary market. It is an equal-weighted index, rebalanced on a monthly basis.

This rebalancing of constituents over time gives way for more active names to participate in what we observe as "market performance," and in a more appropriate manner than static selections and weightings criteria.

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_{Private Market: Sector Level}

|| Sector-level analysis for February, 2025‍

PM50 Growth index was up 15.33% with volatility of its ROI at 95%.

AI had the largest increase in ROI at 42.35% with the highest volatility of its ROI at 333%.

Automation had the smallest in ROI at 0.59% with volatility of its ROI at 26%.

Entertainment had the lowest volatility of its ROI at 13% and ROI at 3.6%.

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MoM Return on Investment (ROI) for January

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Volatility of ROI

The volatility of ROI is calculated based on the movement over the previous 90 days i.e. between December 3, 2024 and February 28, 2025.

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Total Bid and Ask Volume and Ratio in February

The plot below shows the total bid and ask volume and their ratio within each sector for selected companies with significant activities.

61.54% of PM50 Growth's observed total volume of $3.5B was from bids.

Data sector had the largest bid volume ratio at 98.03% of the total $1.04B.

Cloud & Infra sector had the largest ask volume ratio at 92.59% of the total $27M.

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Mean Bid to Ask Spread in February

The plot below shows the mean bid to ask spread within each sector for selected companies with significant activities.

PM50 Growth's mean bid to ask spread was 12.3%.

Payments sector had the largest mean bid to ask spread at 20.4%.

Hardware sector had the lowest mean bid to ask spread at 8.6%.

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Mean Volume per Indication Type

In 2024 average indication sizes peaked at $19.72M during June.

Asks: In 2021 the average offer was $25.77M, and the yearly average has dropped dramatically to ~$10M between 2022 and 2024. The average offer volume during February of 2025 was $7.08M.

Bids: Similarly, the average bid in 2021 was higher than the following years. The average bid volume ranged from $6.93M to $33.59M in 2021, $6.12M to $30.83M in 2022, $8.21M to $16.37M in 2023, and $6.45M to $16.16 in 2024. Similar to the average offer the average bid volume during February of 2025 was $16.17.

Trades: Trades volumes have been quite volatile, with lowest average volume of $1.17M seen on October of 2024 and largest average volume of $17.71M seen on June of 2021. The average trade volume for February of 2025 was $1.00M.

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Sectors

Headquarters

CEO

Monthly Statistics

PM Insights highlights monthly statistics from January, 2021 until February, 2025.

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Monthly PM50 Growth ROI

The plot below displays PM50 Growth's monthly ROI. PM50 Growth had the largest ROI at 16.25% in January 2021, and the lowest ROI at -10.5% in June 2022.

In February 2025, PM50 Growth's ROI was up by 15.33%.

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Monthly Institutional Level Activity

The plot below shows the number of institutional level ($1M+) Bid, Ask, or Trade contributions on a monthly basis.

July 2024 had the largest activity with 800 contributions with a volume over $1M. April 2021 had the lowest activity with 183 contributions with a volume over $1M.

There were 271 unique institutional-level broker contributions in February 2025.

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Monthly Total Bid and Ask Volume

The plot below displays the sum of bid and ask volume on a monthly basis, as observed by PM Insights.

June 2021 had the largest total volume at $21.10B.

December 2021 had the lowest total volume at $2.12B.

February 2025 had a total volume of $4.45B, almost two times greater than the total volume of January 2025, which was $2.89B.

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Monthly Bid and Ask Volume Ratio

The plot below displays the ratio of bid and ask volume on a monthly basis.

In January 2021, bids reached their highest ratio at 57.69% of the total volume of $4.62B.

In April 2022, offers reached their highest ratio at 94.21% of the total volume of $12.79B.

In February 2025, bids represented 56.5% of the total volume of $4.45B.

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Monthly Mean Bid and Ask Spread

The plot below displays the mean bid to ask spread on a monthly basis.

July 2023 had the largest mean bid to ask spread at 13.81%.

January 2022 had the lowest mean bid to ask spread at 9.15%.

February 2025 had a high mean bid to ask spread at 12.71%.

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Proportion of Change in Valuation

91% of companies in PM Insights' universe traded higher during their latest round compared to the previous round.

On the other hand, 55% of companies are trading at a discount versus their most recent round, and 45% managed positive returns there, pointing to a ways to go to recovering some of the investments made in the heady days of 2021.

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Change in Composite Price (MoM)

PM Insights highlights the top five and bottom five companies in terms of change in composite price between January 31, 2025 and February 28, 2025 with significant activities i.e. at least 3 institutional-level contributions.

Figure AI had the largest increase in composite price from $21.44 to $163.74 .

Ripple had the largest decrease in composite price from $93.02 to $73.78.

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Change in Total Bid and Ask Volume (MoM)

PM Insights highlights the top five and bottom five companies with significant activities in terms of change in total bid and ask volume between January 2025 and February 2025.

Databricks had the largest increase in volume from $143.6M to $974.2M.

KeepTruckin (Motive) had the largest decrease in volume from $10M to $0.3M.

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Most Active Names Performance

Data as of February 28, 2025

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_{* Price (USD) estimated based on secondary market activity observed by PM Insights. Valuation is estimated based on said price and share count from state filings and/or news in the public domain. Note that share count in calculations may change as new filing documents are obtained.}

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