IPOX Schuster is an independent, research-driven financial services firm specializing in financial products design related to global IPOs and spin-offs. Their underlying philosophy involves classifying IPOs and spin-offs as a separate equity sector for a substantial period of time in aftermarket trading. Their main product is the series of IPOX Global Indexes, a set of benchmark indexes encompassing an index technology that allows for scalable, investable, and sustainable exposure into global IPO and spin-off performance, often a pure proxy for economic growth and innovation. With more than USD 3bn benchmarked since July 2005, IPOX has become the key benchmark choice for the buy-and-sell side participants seeking alternative, semi-passive exposure to global growth companies. The company has its roots in academic work on IPOs pursued in the Financial Markets Group (FMG) at the London School of Economics (LSE) and the Chicago Mercantile Exchange (CME). IPOX Schuster LLC was officially incorporated in 2004.