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S&P Global: Major IPOs such as SpaceX will not be added to the S&P 500 index immediately
Svmuu S&P Global Inc. stated that it will maintain the existing eligibility requirements for major benchmark indices such as the S&P 500, rejecting proposals to expedite the inclusion of giant companies like SpaceX into the benchmark shortly after their initial public offerings. On Thursday, in a press release, S&P Dow Jones Indices indicated that it will not shorten the current 12-month "seasoning period" for newly listed companies, nor will it waive existing profitability and public float requirements based on company size. This means SpaceX will not be eligible for inclusion in the S&P 500 for at least one year after its IPO and must also meet the index's existing profitability and public float requirements. Specifically, a company must be profitable on a GAAP basis in the most recent quarter, as well as in the sum of the four most recent quarters, and have a public float of no less than 50%. (Cailianshe)
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