Based on the close of trading on June 23, in June 2008, 12 companies went public in Europe. One company was added to the Dow Jones STOXX IPO Indexes in June.1
To be included in the Dow Jones STOXX IPO Indexes companies must have a free float market capitalization between 100 million EUR and 3 billion EUR on the listing date.2
The European companies which went public in June are as follows:
June
2008 European IPOs |
||||
Company
Name |
Country |
Date
of IPO |
Date
of |
Date
of inclusion in Dow Jones STOXX IPO Indexes (12 and 60 months) |
4ENERGY
INVEST SA |
Belgium |
13.06.2008 |
Not
eligible |
|
BURKHALTER
HOLDING AG |
Switzerland |
20.06.2008 |
Not
eligible |
|
DGC
ONE AB |
Sweden |
16.06.2008 |
Not
eligible |
|
EDP
RENOVAVEIS SA |
Portugal |
04.06.2008 |
Added
on 05.06.08 |
Added
on 12.06.08 |
GK
SOFTWARE AG |
Germany |
19.06.2008 |
Not
eligible |
|
IPSOGEN |
France |
16.06.2008 |
Not
eligible |
|
KSK
EMERGING INDIA ENERGY FU |
U.K. |
06.06.2008 |
Not
eligible |
|
NUNAMINERALS
A/S |
Denmark |
04.06.2008 |
Not
eligible |
|
RETHINK
GROUP PLC/THE |
U.K. |
17.06.2008 |
Not
eligible |
|
SENZIME
AB |
Sweden |
18.06.2008 |
Not
eligible |
|
TETRYS
SA |
Belgium |
09.06.2008 |
Not
eligible |
|
WORLD
CLASS SWEDEN AB |
Sweden |
02.06.2008 |
Not
eligible |
The three best performing companies in the Dow Jones STOXX IPO Indexes in June were ERSOL SOLAR ENERGY (Germany, Industrial Goods & Services), AFIRMA GRUPO INMOBILIARIO (Spain, Financial Services) and PETROTEC (Germany, Chemicals) with a performance of 63.22%, 36.59% and 35.84% 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.
The following companies were deleted from the Dow Jones STOXX IPO Index (3 months) in June 2008:
June
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) |
DUNI |
Sweden |
14.11.2007 |
12.06.2008 |