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The European companies which went public in May are as follows:
|
May 2008 European IPOs |
||||
|
Company Name |
Country |
Date of IPO |
Date of |
Date of inclusion in Dow Jones STOXX IPO Indexes (12 and 60
months) |
|
BEST
UNION |
Italy |
20.05.2008 |
Not
eligible |
|
|
CYFROWY
POLSAT SA |
Poland |
05.05.2008 |
Not
eligible |
|
|
EWORK
SCANDINAVIA AB |
Sweden |
22.05.2008 |
Not
eligible |
|
|
FLEXOS
SA |
Belgium |
05.05.2008 |
Not
eligible |
|
|
IOFINA
PLC |
U.K. |
09.05.2008 |
Not
eligible |
|
|
NEW
WORLD RESOURCES BV |
U.K. |
09.05.2008 |
Added
on 12.05.08 |
Added
on 22.05.08 |
|
ORASCOM
DEVELOPMENT HOLDING |
Switzerland |
14.05.2008 |
Added
on 15.05.08 |
Added
on 22.05.08 |
|
SHARE
PLC |
U.K. |
15.05.2008 |
Not
eligible |
|
|
TGE
MARINE AG |
Germany |
15.05.2008 |
Added
on 16.05.08 |
Will
be added on 29.05.08 |
|
WESC
AB |
Sweden |
19.05.2008 |
Not
eligible |
|
The three best performing companies in the Dow Jones STOXX IPO Indexes in May were VERBIO (Germany, Chemicals), MARAZZI GRP (Italy, Construction & Materials) and ADVANCED METALLURGICAL GRP (Netherland, Industrial Goods & Services) with a performance of 55.26%, 37.68% and 36.43% 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), 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.
The following companies were deleted from the Dow Jones STOXX IPO Index (3 months) in May 2008:
|
May 2008 deletions from Dow Jones STOXX IPO Index (3
months) (Price, EUR) |
|||
|
Name |
Country |
Date of IPO |
Date of deletion from Dow Jones STOXX IPO Index (3 months) |
|
DAMIANI |
Italy |
09.11.2007 |
15.05.2008 |
|
EAST
CAPITAL EXPLORER |
Sweden |
12.11.2007 |
22.05.2008 |
|
RENTA
4 |
Spain |
14.11.2007 |
22.05.2008 |
In May, seven companies were deleted from the Dow Jones STOXX IPO Index (12 months) and two from the Dow Jones STOXX IPO Index (60 months).
MAY 2008 INDEX PERFORMANCE
The Dow Jones STOXX IPO Index (3 months) was the best performing Dow Jones STOXX IPO Index for the month with a gain of 9.77%, closing at 2835.56. The Dow Jones STOXX IPO Index (12 months) posted a gain of 3.62% with a closing value of 2458.57. The Dow Jones STOXX IPO Index (60 months) increased 0.45% in May, closing at 1829.92.
During the same time period, the Dow Jones STOXX 600 Index decreased -1.83%, closing at 317.19 and the Dow Jones STOXX 50 Index lost -2.81%, closing at 3146.10.
As of May 27, 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 40.25% and 21.68% respectively. Basic Resources has the highest weight in the Dow Jones STOXX IPO Index (3 months) with 37.03%.
From a country perspective, Netherlands has the highest weight in the Dow Jones STOXX IPO Index (3 months) with 37.03% and Germany has the highest weight in the Dow Jones STOXX IPO Index (12 months) with 18.77%. The U.K. weighs 21.14% in the Dow Jones STOXX IPO Index (60 months).
|
|
Performance |
|||
|
Dow Jones STOXX IPO Index (Price, EUR) |
May
2008 |
YTD
2008 |
Q4
2007 |
2007 |
|
Dow Jones STOXX IPO Index (3 months) |
9,77% |
-14,71% |
-2.60% |
-3.65% |
|
Dow Jones STOXX IPO Index (12 months) |
3,62% |
-10,20% |
-6.69% |
4.40% |
|
Dow Jones STOXX IPO Index (60 months) |
0,45% |
-11,82% |
-3.48% |
-0.33% |
|
|
|
|
|
|
|
Dow Jones STOXX 600 Index |
-1,83% |
-13,01% |
-3.50% |
-0.17% |
|
Dow Jones STOXX 50 Index |
-2,81% |
-14,60% |
-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.
