STOXX Ltd., a European stock-index provider, launched 3 indexes that cover initial public offerings of stocks in Europe, that have a free-float IPO market capitalization between €100 million and €3 billion ($128 million and $3.85 billion).
The Dow Jones STOXX IPO Indexes include IPOs that have been on the market for 3, 12, and 60 months. Each company will be transferred to the longer index as it passes the time limits for the current index. The number of components of each index is necessarily variable, but will not fall below 10.
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