To be included in the Dow Jones STOXX IPO Indexes companies must have a free float market capitalization between € 100 million and € 3 billion on the listing date. 2
The European companies which went public in September are as follows:
|
September
2008 European IPOs |
||||
|
Company
Name |
Country |
Date
of IPO |
Date
of |
Date
of inclusion in Dow Jones STOXX IPO Indexes (12 and 60 months) |
|
5EME
SAISON N.V |
France |
22.09.2008 |
Not
eligible |
|
|
EPG
ENGINEERED NANOPRODUCTS |
Germany |
15.09.2008 |
Not
eligible |
|
|
GRANULATEX |
France |
08.09.2008 |
Not
eligible |
|
|
GREAT
LEISURE GROUP |
France |
12.09.2008 |
Not
eligible |
|
|
PERFOMANCE
TECHNOLOGIES IT |
Greece |
17.09.2008 |
Not
eligible |
|
The three best performing companies in the Dow Jones STOXX IPO Indexes in September were SPAZIO INVESTMENT (Italy, Real Estate), TRADEDOUBLER (Sweden, Media) and WACKER CONSTRUCTION EQUIPMENT (Germany, Industrial Goods & Services) with a performance of 13.46%, 13.27% and 12.14% respectively.
For the Dow Jones STOXX IPO Index (3 months), companies are added one day after their actual IPO date and remain in the index for 3 months. This allows maximum participation in the IPO performance effect. For the Dow Jones STOXX IPO (12 months) and the Dow Jones STOXX IPO (60 months) indexes, companies are added on the second Wednesday following their IPO and remain in the index for 12 and 60 months, respectively.
Companies are removed from the indexes after the close of trading on the first Wednesday following 3, 12 and 60 calendar months of inclusion in the index.
Companies deleted from the Dow Jones STOXX IPO Indexes in September 2008:
In September, no company was deleted from the Dow Jones STOXX IPO Index (3 months), the Dow Jones STOXX IPO Index (12 months) and the Dow Jones STOXX IPO Index (60 months).
SEPTEMBER 2008 INDEX PERFORMANCE
The Dow Jones STOXX IPO Index (60 months) was the best performing Dow Jones STOXX IPO Index for the month with a loss of -12.41%, closing at 1384.71. The Dow Jones STOXX IPO Index (12 months) posted a loss of -13.69% with a closing value of 1765.49. The Dow Jones STOXX IPO Index (3 months) decreased -20.15% in September, closing at 1951.84.
During the same time period, the Dow Jones STOXX 600 Index decreased -7.24%, closing at 267.31 and the Dow Jones STOXX 50 Index lost -7.05%, closing at 2710.11.
As of September 23, 2008, Industrial Goods & Services has the highest weight in the Dow Jones STOXX IPO Index (12 months) and in the Dow Jones STOXX IPO (60 months) with 24.53% and 19.43%, respectively. Utilities has the highest weight in the Dow Jones STOXX IPO Index (3 months) with 25.97%.
From a country perspective, Portugal has the highest weight in the Dow Jones STOXX IPO Index (3 months) with 25.97%. Germany weighs 14.78% in the Dow Jones STOXX IPO Index (12 months) and the U.K. weighs 21.28% in the Dow Jones STOXX IPO Index (60 months).
|
|
Performance |
|||
|
Dow
Jones STOXX IPO Index (Price, EUR) |
September
2008 |
YTD
2008 |
Q4
2007 |
2007 |
|
Dow
Jones STOXX IPO Index (3 months) |
-20.15% |
-41.29% |
-2.60% |
-3.65% |
|
Dow
Jones STOXX IPO Index (12 months) |
-13.69% |
-35.51% |
-6.69% |
4.40% |
|
Dow
Jones STOXX IPO Index (60 months) |
-12.41% |
-33.27% |
-3.48% |
-0.33% |
|
|
|
|
|
|
|
Dow
Jones STOXX 600 Index |
-7.24% |
-26.69% |
-3.50% |
-0.17% |
|
Dow
Jones STOXX 50 Index |
-7.05% |
-26.43% |
-3.57% |
-0.36% |
The Dow Jones STOXX IPO Indexes measure the performance of the European IPO market in three different time horizons – 3, 12 and 60 months – based on the duration a component remains in the respective index.
Further information on the Dow Jones STOXX IPO Indexes is available at www.stoxx.com.
1Includes all IPOs that are domiciled and traded at the major exchanges of 18 European countries (Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) and that are available on major data providers and surpass a minimum size.
2The index universe is defined as all IPO companies in the equity market which would be eligible for the Dow Jones STOXX Total Market Index. Free float market capitalization on the listing date is calculated by multiplying the number of shares with the IPO offer price and with the float factor, defined as IPO shares divided by total shares outstanding.
