Intercontinental Exchange, Inc. (NYSE:ICE) 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.”
Using…
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