S&P Dow Jones Indices announced Thursday it will preserve its existing eligibility criteria for major benchmarks like the S&P 500, effectively closing the door on expedited inclusion for large technology IPOs such as Elon Musk’s SpaceX.
Bloomberg reports that S&P Dow Jones Indices announced Thursday it will preserve its existing eligibility criteria for major benchmarks like the S&P 500, effectively closing the door on expedited inclusion for large technology IPOs such as SpaceX. The decision represents a divergence from recent industry trends and will delay billions of dollars in flows from passive investment funds.
The index provider stated…
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