Grouped story
SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P
S&P Dow Jones Indices has decided to retain its current eligibility criteria for the S&P 500, rejecting proposals to expedite entry for mega-cap companies such as SpaceX. This means the existing 12-month seasoning period and profitability and public-float requirements will remain unchanged, contrasting with moves by competitors like Nasdaq and FTSE Russell to ease such restrictions.
Key points
S&P Dow Jones will keep the 12-month seasoning period for new IPOs.
Existing profitability and public-float requirements will not be waived for large companies.