Converge Information and Communication Technology Solutions Inc., said it has been included in the Financial Times Stock Exchange Russell’s (FTSE Russell) FTSE Renaissance IPO Index and the FTSE Asean All-Share Index.
FTSE is a unit of the London Stock Exchange.
For its inclusion in the FTSE Asean All-Share Index, Converge joins over a thousand companies in the region that have passed the size eligibility, free float, and liquidity criteria of the regional index.
A partnership between FTSE and Asean Exchanges, the FTSE Asean All-Share Index is designed to represent the performance of large, mid and small cap Asean companies listed on the Exchanges. It was established to promote Asean as a regional equity market grouping.
Converge’s inclusion in the FTSE Renaissance IPO Index meanwhile puts the company in the list of companies that track the activity and performance of the global IPO market, and to add structure and transparency to these equities, providing market participants controlled access to the attributes of IPOs.
The IPO index constituents, of which there are currently 606 companies across 33 countries, are screened for size, liquidity and free float on a quarterly basis. This index covers all institutionally-investable IPOs in developed and emerging markets of operating companies with an initial investable market capitalization of at least $100 million.
The FTSE Renaissance IPO Index Series covers Global, Developed and Emerging markets as well as the Americas, EMEA and Asia-Pacific regions.
