NYSE IPO Index Launched by Intercontinental Exchange

On Tuesday, Intercontinental Exchange, Inc. announced the launch of the NYSE IPO Index (NYSEIPO).

The firm said in a press release that NYSEIPO is a new equal-weighted index designed to track the performance of companies recently listed on the New York Stock Exchange (NYSE). 

This includes companies that have undergone IPOs, direct listings, spin-offs, and uplistings from OTC or international markets over the past three years.

Lynn Martin, President of NYSE Group, highlighted the index’s potential, stating, “This new index facilitates investment in the performance of NYSE-listed companies shortly after their arrival to the market. It combines the power of the NYSE and the quality of companies that choose to list here with ICE’s robust index business.” 

Martin also emphasised NYSE’s position as the leading venue for companies seeking capital, noting that NYSE-listed firms have historically outperformed their counterparts on other exchanges.

The NYSE IPO Index includes 81 recent listings with a minimum market capitalisation of $200 million, excluding SPACs and post-SPAC operating companies. 

Preston Peacock, Head of ICE Data Indices, noted the index’s unique benchmarking capability, stating, “It leverages our extensive experience of bringing new indices to market, including the initial idea through to launching the index, and in many cases working with partners on the issuance of an ETF.”

ICE, with approximately $2 trillion in assets under management benchmarked to its indices, continues to expand its offerings across asset classes.

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