IPOX® 100 U.S. Index (IPXO)

The IPOX® 100 U.S. Index (Ticker: IPXO) is a leading benchmark for investors seeking exposure to the top 100 largest and most liquid U.S. companies that have recently gone public, including IPOs and spin-offs, as well as select acquirers of recent IPOs (“IPO M&As”).

Key features of the IPOX® 100 U.S. Index include:

  • Captures approximately 85% of the total market cap created via U.S. IPO and spin-off activity over the past 4 years, providing comprehensive exposure to the U.S. new listings market

  • Utilizes IPOX®'s proven and proprietary index technology to select the 100 largest and most liquid recent IPOs and spin-offs from the IPOX® U.S. Composite Index

  • Employs a market-cap weighting scheme with a 10% cap on all constituents to ensure diversification

  • Rebalances on a quarterly basis to maintain exposure to the largest new listings

  • Serves as the underlying index for investable products including the First Trust U.S. Equity Opportunities ETF (Ticker: FPX)

As of March 2025, the index includes innovative market leaders across a range of sectors that have shaped the U.S. new listings market in recent years, such as:

  • Palantir Technologies (Ticker: PLTR): A top holding known for its data analytics platforms.

  • GE Vernova (Ticker: GEV): A significant recent energy spin-off.

  • AppLovin (Ticker: APP): Representing the mobile application technology sector.

  • DoorDash (Ticker: DASH): A leading online marketplace and delivery service.

  • Samsara Inc (Ticker: IOT): Provider of comprehensive Internet of Things (IoT) solutions.

Other significant holdings span areas like consumer health (e.g., Kenvue - KVUE), energy (e.g., Constellation Energy - CEG, Carrier Global - CARR), finance, and biotechnology - reflecting the diversity of U.S. companies choosing to go public.

For investors who want to take part in the "New Generation" of public companies driving the future economy, the IPOX® 100 U.S. Index provides a unique, one-stop solution. Through its rules-based methodology and quarterly rebalancing, the index aims to capture the performance of these innovative growth companies in a systematic fashion.