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”).

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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 9/2025, 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:

  • Constellation Energy (Ticker: CEG): A major force in the evolving energy sector.

  • AppLovin (Ticker: APP): A key player in mobile application technology.

  • Roblox (Ticker: RBLX): A pioneer in immersive gaming and the creator economy.

  • DoorDash (Ticker: DASH): A leader in online marketplaces and delivery services.

  • Robinhood (Ticker: HOOD): Transforming retail investing and financial access.

  • Samsara (Ticker: IOT): Providing cutting-edge Internet of Things (IoT) solutions.

Other notable names shaping the new generation of public companies include CoreWeave (cloud infrastructure), Reddit (social media and community-driven content), and Mr. Cooper (technology-driven mortgage services).

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.