Stableton Unicorn Index AMC Update - November 2023

We are excited to share the first Stableton Unicorn Index Investor Update, where we provide a monthly update on performance, portfolio components, company insight, and relevant industry developments.

The Index AMC has been going through the initial deployment phase, following the guideline of portfolio compositions from Morningstar® PitchBook® Unicorn Select 20 Index™. Instacart completed its IPO, while Blockchain.com is expected to fall out of the index due to a reported down round. Leading AI companies are anticipated to make their entries on January 1st, 2024, increasing the AI representation in the index.

As the Nasdaq approaches its all-time high, pre-IPO prices remain attractively valued, offering a prime investment window for private tech firms expected to converge with their public counterparts. Moreover, the current landscape is witnessing an unprecedented number of IPO-ready firms. Several Index constituents are rumored to consider public listings next year, poised to boost the index asset value.