ICE Launches Index to Track Performance of New Listings on the New York Stock Exchange

Intercontinental Exchange, Inc. announced the launch of the NYSE® IPO Index (NYSEIPO), a new equal-weighted index to track the performance of companies listed on the NYSE Group’s exchanges that have been spun off, directly listed, uplisted from OTC or ex-U.S. markets or completed initial public offerings (IPOs) during the last three years. The NYSE® IPO Index is an equally weighted index designed to track the performance of IPOs and other newly-listed companies with a minimum market cap of $200 million that listed in the last three years. The index includes direct listings, spin-offs and transfers from ex-U.S. exchanges or OTC markets but excludes SPACs and post-SPAC operating companies.