ICE Launches Index to Track Performance of New Listings on the New York Stock Exchange
January 21 2025 - 8:30AM
Business Wire
Facilitates Passive Investment in New Listings
on NYSE Exchanges
Includes 81 listings during the previous three
years
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of technology and data, today 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.
"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,” said Lynn
Martin, President of NYSE Group. “The NYSE continues to be the
premier venue for companies seeking access to capital markets, with
companies choosing the NYSE historically outperforming companies
debuting on other exchanges in the weeks, months and years
following their listing day.”
ICE provides a broad range of indices across asset classes, with
approximately $2 trillion in assets under management benchmarked to
ICE Indices. Using ICE’s index expertise, the NYSE® IPO Index will
highlight the NYSE’s community of listed companies.
“The index and methodology offer investors a unique benchmark
for the market performance of companies newly listed on the NYSE,”
said Preston Peacock, Head of ICE Data Indices. “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.”
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.
For more information about the NYSE® IPO Index, please visit
indices.ice.com.
About Intercontinental Exchange
NYSEIPO is administered by ICE Data Indices, LLC. Additional,
important information regarding the index, including methodology
and limitations, is available at indices.ice.com.
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune
500 company that designs, builds, and operates digital networks
that connect people to opportunity. We provide financial technology
and data services across major asset classes helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges
-- including the New York Stock Exchange -- and clearing
houses help people invest, raise capital and manage risk. We
offer some of the world’s largest markets to trade and clear energy
and environmental products. Our fixed income, data services
and execution capabilities provide information, analytics and
platforms that help our customers streamline processes and
capitalize on opportunities. At ICE Mortgage Technology, we
are transforming U.S. housing finance, from initial consumer
engagement through loan production, closing, registration and the
long-term servicing relationship. Together, ICE transforms,
streamlines, and automates industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for
certain products covered by the EU Packaged Retail and
Insurance-based Investment Products Regulation can be accessed on
the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2023, as
filed with the SEC on February 8, 2024.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20250121449363/en/
ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact: Katia Gonzalez
katia.gonzalez@ice.com (678) 981-3882 investors@ice.com
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