NYSE® OPEN Venture Capital Unicorn® Index includes 50 large U.S.-based Unicorns

Uses innovative new approach to valuing private companies

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, and OPEN today announced the launch of the NYSE® OPEN Venture Capital Unicorn® Index (NYSEOVC), a new benchmark for a basket of U.S.-based, privately held and venture-backed unicorn companies. This index and the pricing supporting it represent a paradigm shift in evaluating innovative private companies, continuing to advance this era of opportunity for investors seeking to monitor and track high-growth venture-backed private companies using a robust yet transparent methodology.

"We are thrilled to introduce the NYSE® OPEN Venture Capital Unicorn® Index, a key development in the evolution of bridging public and private markets," remarked David Shapiro, CEO at OPEN. “By applying our rigorous new approach to valuing privately held companies, and working with ICE to calculate and administer the index, we’re bringing a deeper level of transparency to some of the most innovative and fastest-growing private companies in the U.S.”

The NYSE® OPEN Venture Capital Unicorn® Index is designed to track the performance of 50 large U.S.-based Unicorns. The unique index, combining OPEN’s pricing and reference data and ICE’s robust index calculation and administration services, offers enhanced insights into the performance and valuation dynamics of leading private venture capital companies.

“OPEN’s methodology for valuing privately held companies offers deeper insights into the growth we’re seeing across the broader venture-backed tech industry,” said Preston Peacock, Head of ICE Data Indices. “As part of the ICE family of indices, this new index will be part of ICE’s suite of offerings supporting the entire index and ETF lifecycle, which ranges from securities pricing and index creation all the way to listing and trading ETFs on the New York Stock Exchange.”

“Unicorns” are privately held start-up companies with valuations of over $1 billion. They represent the largest and often highest-growth venture-backed companies. OPEN is committed to democratizing access to private markets by empowering investors with the tools to participate in the growth potential of groundbreaking companies.

For more information about the NYSE® OPEN Venture Unicorn® Index, please visit www.openvc.com. The index methodology and data can be found on the ICE Index Platform at indices.ice.com.

About OPEN

OPEN is bringing the revolution of index investing to late-stage venture capital, enabling better access to the world’s most innovative private Unicorns. Our mission is to offer access to venture capital with a low-fee, institutional-grade product. With a relentless focus on fee reduction and the power of index investing we are committed to enabling access to this asset class for all investors. For more information, visit www.openvc.com.

About Intercontinental Exchange

NYSEOVC is administered by ICE Data Indices, LLC. Additional, important information regarding the index, including methodology and limitations, is available at indices.ice.com.

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: Fixed Income and Data Services

SOURCE: Intercontinental Exchange

ICE-CORP

ICE Media Contact: Damon Leavell damon.leavell@ice.com (212) 323-8587

media@ice.com

ICE Investor Contact: Katia Gonzalez katia.gonzalez@ice.com (678) 981-3882

investors@ice.com

OPEN Media Contact: Will Snape william.snape@openvc.com

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