AG Dillon Pre-IPO Equity Indexes


The AG Dillon Pre-IPO Equity Indexes serve as benchmarks for institutional investors, financial advisors, and family offices. The vintage index construction allows investors to track current and historical market valuation performance by specific vintage year for the largest pre-IPO stocks in global developed markets. Vintage indexes are incepted and calculated quarterly. The last 40 quarters (10 years) are averaged to calculate the flagship AG Dillon Pre-IPO Equity Index. The SIM - Secondary Investable Market - index includes pre-IPO stocks with a robust secondary trading market and provides price per share returns vs valuation performance for the vintage indexes.


Data as of Oct 1, 2022 | AGD SIM Index as of Nov 11, 2022

Index Name
Click name for index page
Number of
IPOs or
Acquisitions
Valuation
Multiple
on
Base Value
3mo 6mo 1yr 3yr 5yr Since
inception
3yr
ann
5yr
ann
Since
inception
ann
AG Dillon Pre-IPO Equity Index --- --- -2.20% 6.30% 13.50% 21.80% 18.20% 34.10%
AG Dillon Pre-IPO Equity
Secondary Investable Market (SIM) Index
--- --- -14.33% -44.84% --- --- --- ---
AG Dillon Q1 2012 Pre-IPO Equity Index 9 11.4x 0.00% 44.72% 44.72% 128.02% 277.46% 1036.73% 31.62% 30.43% 25.36%
AG Dillon Q2 2012 Pre-IPO Equity Index 9 11.4x 0.00% 44.51% 44.51% 127.12% 274.23% 1040.29% 31.45% 30.20% 26.07%
AG Dillon Q3 2012 Pre-IPO Equity Index 9 11.4x 0.00% 44.48% 44.48% 126.98% 273.27% 1040.83% 31.42% 30.14% 26.79%
AG Dillon Q4 2012 Pre-IPO Equity Index 10 11.5x 0.00% 44.05% 44.05% 124.73% 327.12% 1048.69% 30.98% 33.69% 27.63%
AG Dillon Q1 2013 Pre-IPO Equity Index 12 2.7x 0.00% 0.00% 0.00% 0.41% 10.81% 170.23% 0.14% 2.07% 10.73%
AG Dillon Q2 2013 Pre-IPO Equity Index 11 2.4x 0.00% 0.00% 0.00% 0.46% -6.93% 144.76% 0.15% -1.43% 9.87%
AG Dillon Q3 2013 Pre-IPO Equity Index 11 2.6x 0.00% 0.00% 0.00% 0.43% -5.04% 159.76% 0.14% -1.03% 10.86%
AG Dillon Q4 2013 Pre-IPO Equity Index 11 3.8x 0.00% 0.00% 0.00% 0.24% -0.04% 280.13% 0.08% -0.01% 15.98%
AG Dillon Q1 2014 Pre-IPO Equity Index 11 3.4x 0.00% 0.00% 0.00% 0.27% -4.04% 241.53% 0.09% -0.82% 15.06%
AG Dillon Q2 2014 Pre-IPO Equity Index 11 7.4x 0.00% 0.00% 0.00% 54.33% 82.23% 639.33% 15.56% 12.75% 26.51%
AG Dillon Q3 2014 Pre-IPO Equity Index 13 2.5x 0.00% 0.00% 0.00% 0.37% 5.52% 139.15% 0.12% 1.08% 11.14%
AG Dillon Q4 2014 Pre-IPO Equity Index 12 2.3x 0.00% 0.00% 0.00% 0.40% 5.89% 124.85% 0.13% 1.15% 10.65%
AG Dillon Q1 2015 Pre-IPO Equity Index 11 3.3x 0.00% 0.00% 0.50% 35.58% 86.48% 219.66% 10.68% 13.27% 16.17%
AG Dillon Q2 2015 Pre-IPO Equity Index 12 3.5x 0.00% 0.00% 0.46% 32.01% 120.29% 245.94% 9.70% 17.11% 17.98%
AG Dillon Q3 2015 Pre-IPO Equity Index 12 3.0x 0.00% 0.00% 0.26% 68.76% 140.75% 204.44% 19.06% 19.21% 16.58%
AG Dillon Q4 2015 Pre-IPO Equity Index 11 2.8x 0.00% 0.00% 0.29% 55.42% 117.73% 171.34% 15.83% 16.84% 15.31%
AG Dillon Q1 2016 Pre-IPO Equity Index 11 3.6x 0.00% 10.95% 11.22% 82.00% 185.67% 256.01% 22.09% 23.36% 20.69%
AG Dillon Q2 2016 Pre-IPO Equity Index 11 3.8x 0.00% 10.28% 8.33% 58.56% 201.08% 276.74% 16.61% 24.66% 22.62%
AG Dillon Q3 2016 Pre-IPO Equity Index 11 3.8x 0.00% 10.23% 8.28% 56.55% 202.85% 278.61% 16.12% 24.81% 23.72%
AG Dillon Q4 2016 Pre-IPO Equity Index 11 3.8x 0.00% 10.23% 8.28% 56.59% 203.07% 278.45% 16.12% 24.83% 24.82%
AG Dillon Q1 2017 Pre-IPO Equity Index 11 3.3x 0.00% 11.95% 9.53% 50.74% 185.18% 229.07% 14.66% 23.32% 23.01%
AG Dillon Q2 2017 Pre-IPO Equity Index 11 3.3x 0.00% 12.07% 9.63% 50.51% 186.38% 226.04% 14.60% 23.42% 23.95%
AG Dillon Q3 2017 Pre-IPO Equity Index 10 3.0x 0.00% 13.03% 10.38% 56.04% 175.37% 204.67% 15.99% 22.46% 23.62%
AG Dillon Q4 2017 Pre-IPO Equity Index 9 4.2x 0.00% 9.20% 24.23% 126.81% 317.08% 317.08% 31.39% 33.06% 33.04%
AG Dillon Q1 2018 Pre-IPO Equity Index 9 3.7x 0.00% 4.74% 20.36% 115.71% --- 273.12% 29.21% --- 31.94%
AG Dillon Q2 2018 Pre-IPO Equity Index 9 3.4x 0.00% 5.30% 13.41% 113.31% --- 235.35% 28.73% --- 30.82%
AG Dillon Q3 2018 Pre-IPO Equity Index 9 3.4x 0.00% 4.39% 12.28% 118.84% --- 238.26% 29.83% --- 33.16%
AG Dillon Q4 2018 Pre-IPO Equity Index 9 3.0x 0.00% 4.89% 13.82% 111.33% --- 204.71% 28.33% --- 32.10%
AG Dillon Q1 2019 Pre-IPO Equity Index 8 3.3x 0.00% 4.93% 13.15% 164.05% --- 228.93% 38.22% --- 37.36%
AG Dillon Q2 2019 Pre-IPO Equity Index 7 3.5x 0.00% 4.58% 16.58% 220.90% --- 253.17% 47.50% --- 43.35%
AG Dillon Q3 2019 Pre-IPO Equity Index 8 3.5x 0.00% 3.72% 11.35% 236.06% --- 245.02% 49.79% --- 46.30%
AG Dillon Q4 2019 Pre-IPO Equity Index 7 3.5x -11.92% -9.07% -3.37% 248.51% --- 248.51% 51.61% --- 51.56%
AG Dillon Q1 2020 Pre-IPO Equity Index 6 4.7x 0.00% 2.68% 25.55% --- --- 373.96% --- --- 76.06%
AG Dillon Q2 2020 Pre-IPO Equity Index 7 4.9x 0.00% 2.47% 25.91% --- --- 388.32% --- --- 88.51%
AG Dillon Q3 2020 Pre-IPO Equity Index 6 4.6x 0.00% 1.94% 28.11% --- --- 364.85% --- --- 97.84%
AG Dillon Q4 2020 Pre-IPO Equity Index 4 4.3x -5.41% -2.06% 24.64% --- --- 325.83% --- --- 106.36%
AG Dillon Q1 2021 Pre-IPO Equity Index 5 1.9x -11.63% -4.62% 4.73% --- --- 85.02% --- --- 42.19%
AG Dillon Q2 2021 Pre-IPO Equity Index 4 1.7x -4.71% 4.22% 31.57% --- --- 69.06% --- --- 41.87%
AG Dillon Q3 2021 Pre-IPO Equity Index 2 1.6x -3.51% 4.24% 32.18% --- --- 56.39% --- --- 42.93%
AG Dillon Q4 2021 Pre-IPO Equity Index 0 1.2x -4.43% 5.47% 22.65% --- --- 22.65% --- --- 22.65%
AG Dillon Q1 2022 Pre-IPO Equity Index 0 1.1x -4.81% -0.27% --- --- --- 12.67% --- --- 17.29%
AG Dillon Q2 2022 Pre-IPO Equity Index 0 1.0x -5.40% -0.31% --- --- --- -0.31% --- --- -0.62%
AG Dillon Q3 2022 Pre-IPO Equity Index 0 0.9x -5.69% --- --- --- --- -5.69% --- --- -20.73%


@ 2022 AG Dillon LLC and its affiliates ("AG Dillon & Co"). All rights reserved.

All information is provided for information purposes only. All information and data contained in this publication is obtained by the AG Dillon & Co, from sources believed by it to be accurate and reliable. Because of the possibility of human and mechanical error as well as other factors, however, such information and data is provided "as is" without warranty of any kind. No member of the AG Dillon & Co nor their respective directors, officers, employees, partners or licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the accuracy, timeliness, completeness, merchantability of any information or of results to be obtained from the use of the AG Dillon & Co Index Products or the fitness or suitability of the AG Dillon & Co Index Products for any particular purpose to which they might be put. Any representation of historical data accessible through AG Dillon & Co Index Products is provided for information purposes only and is not a reliable indicator of future performance.

No responsibility or liability can be accepted by any member of the AG Dillon & Co nor their respective directors, officers, employees, partners or licensors for (a) any loss or damage in whole or in part caused by, resulting from, or relating to any error (negligent or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analyzing, editing, transcribing, transmitting, communicating or delivering any such information or data or from use of this document or links to this document or (b) any direct, indirect, special, consequential or incidental damages whatsoever, even if any member of the AG Dillon & Co is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, such information

No member of the AG Dillon & Co nor their respective directors, officers, employees, partners or licensors provide investment advice related to AG Dillon & Co Indices and nothing contained in this document or accessible through AG Dillon & Co Index Products, including statistical data and industry reports, should be taken as constituting financial or investment advice or a financial promotion.

Past performance is no guarantee of future results. Charts and graphs are provided for illustrative purposes only. Index returns shown may not represent the results of the actual trading of investable assets. Certain returns shown may reflect back-tested performance. All performance presented prior to the index inception date is back-tested performance. Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are based on the same methodology that was in effect when the index was officially launched. However, back-tested data may reflect the application of the index methodology with the benefit of hindsight, and the historic calculations of an index may change from quarter to quarter based on revisions to the underlying economic data used in the calculation of the index.

This publication may contain forward-looking assessments. These are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate. Such forward-looking assessments are subject to risks and uncertainties and may be affected by various factors that may cause actual results to differ materially. No member of the AG Dillon & Co nor their licensors assume any duty to and do not undertake to update forward-looking assessments.

No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the applicable member of the AG Dillon & Co. Use and distribution of the AG Dillon & Co data requires a license from AG Dillon & Co.