SpaceX, Mega IPOs Denied Fast S&P 500 Index Entry
Bloomberg.com • • general
Key Points:
- S&P Dow Jones Indices will maintain its current eligibility requirements for major benchmarks like the S&P 500 Index, rejecting proposals to accelerate entry for mega-cap companies such as SpaceX.
- The company will retain the 12-month seasoning period for newly public companies and uphold existing profitability and public-float criteria regardless of company size.
- This decision marks a departure from industry peers like Nasdaq Inc. and FTSE Russell, which have adopted faster inclusion processes for large companies.
- S&P Dow Jones Indices communicated this stance in a press release via Bloomberg Terminal on Thursday.