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 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.