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Tag: IPO

PVC SaaS Index™ | Q2/25 – SaaS Multiples Rebounding

Aman Verjee

06.17.25
  • IPO
  • Public Markets
  • PVC SaaS Index
  • Secondary

SaaS multiples, once peaking at 18–19X in 2021, have rebounded to 7.0X in Q2/25 after a volatile period, signaling a return to their historical 7–9X range amid improving market sentiment.

PVC SaaS Index™ | Q1/25 – Market Uncertainty

Aman Verjee

04.10.25
  • IPO
  • Public Markets
  • PVC SaaS Index
  • Secondary

IPOs have stalled, M&A activity has dropped, and secondaries are becoming a more common exit route.

PVC SaaS Index™ | Q4 2024 – SaaS Multiples Rebounding

Aman Verjee

12.17.24
  • IPO
  • Public Markets
  • PVC SaaS Index
  • SaaS

A Practical Summary: Every quarter, we update our PVC SaaS Index™, a basket of publicly traded US-listed SaaS companies. This index provides a useful benchmark for how private companies should be valued when they find exits. Software as a Service (“SaaS”) has been around longer than the cool new cloud. While the SaaS category shares some aspects of

PVC SaaS Index™ Q3/24 Update: SaaS Multiples Stabilized This Summer

Aman Verjee

09.01.24
  • IPO
  • Public Markets
  • PVC SaaS Index
  • SaaS

A Practical Summary: Every quarter, we update our PVC SaaS Index™, a basket of publicly traded US-listed SaaS companies. This index provides a useful benchmark for how private companies should be valued when they find exits. The median sales multiple in the PVC SaaS Index™️ has fallen to 6.0X EV / LTM revenue due to

PVC SaaS Index™ | Q2 2024 – Non-AI Revenue Slowing and Budget Pressure

Aman Verjee

07.08.24
  • IPO
  • Public Markets
  • PVC SaaS Index
  • SaaS

Practical Summary: *** This post is an update in a quarterly series of posts that tracks the PVC SaaS Index™, a basket of publicly traded US-listed SaaS companies. Software as a Service (“SaaS”) has been around longer than the cool new cloud. The SaaS category shares some aspects of cloud computing, but its focus tends

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