The FTSE Renaissance Global IPO Index is designed to capture the essence of IPO activity and performance. Qualified IPOs are added to the Index at the end of their first trading day and removed from the Index after approximately two years when they become seasoned equities. The Index reflects the investability of its constituents by using a free float-adjusted weighting approach and includes all institutionally-investable IPOs in developed and emerging markets of operating companies that list with an initial investable market capitalization of at least USD 100 million.