The Rainmaker 20 Index, which tracks secondary market pricing trends across a curated group of 20 actively traded late-stage private companies, reached approximately 626.02 at the close of Q3 2026 on August 15, rising 7.01% quarter-over-quarter and 70.84% year-over-year. The continued advance reflects sustained demand for many of the late-stage private market’s most closely followed companies. Beneath the headline gain, Q3 revealed the growing breadth of the market, with investor demand extending across a wider range of sectors even as performance varied meaningfully among individual companies.
Read MoreThe Rainmaker 20 Index registered a level of 585 at the close of Q2 2026 on May 15, representing an 8.3% increase quarter-over-quarter and a 115.3% increase year-over-year. The updates reflect continued momentum in secondary market pricing.
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