A quick update on public SaaS company stock performance over the month of May.
- May was an incredible month for the SEG SaaS Index. Public SaaS companies led a remarkable recovery and returned to near record highs by the end of the month and into June.
- Valuations catapulted even higher with the announcement of 2.5 million jobs added in May.
- Public SaaS companies exceeded the YTD price change of other major indices by 6.9 percentage points.