Facilitates Passive Investment in New Listings on NYSE Exchanges
Includes 81 listings during the previous three years
ICE Launches Index to Track Performance of New Listings on the New York Stock Exchange
ICE Media Contact:
Damon Leavell
damon.leavell@ice.com
(212) 323-8587
ICE Investor Contact:
Katia Gonzalez
katia.gonzalez@ice.com
(678) 981-3882
investors@ice.com
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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