Paving the way for SpaceX? FTSE Russell Suddenly Changes Rules: Large IPOs Can Be Added to Index in as Few as 5 Days
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FTSE Russell has announced revisions to its index inclusion rules, allowing large newly-listed companies to be included in its major indices as early as the fifth trading day. This comes just weeks ahead of SpaceX's anticipated record-setting IPO.
FTSE Russell officially announced this policy adjustment on Tuesday evening.