AWARD WINNER 2015
North American ETF Provider
The Renaissance US IPO Index (Ticker: IPOUSA) serves as the index benchmark for the Renaissance IPO ETF (Ticker: IPO). The index is designed to represent the US IPO market while avoiding turnover. The index reflects approximately the top 80% of newly public companies based on full market capitalization, is weighted by free float capitalization, and imposes a 10% cap on large constituents. Sizable IPOs are added at the end of their fifth trading day and the rest are added during scheduled quarterly reviews. Companies are removed two years after their initial trade date, when they become seasoned equities.