Mega IPOs Like SpaceX Reshape Major Index Funds and ETFs
An IPO doesn't just move the value of the new stock. Here's how the SpaceX IPO has impacted millions of passive investors.
Overview
In June, the initial public offering (IPO) of Space Exploration Technologies (NASDAQ: SPCX) turned what seemed like a simple IPO into a reminder of how rule changes can reshape your portfolio. If you own an index fund, your portfolio may have been affected by new rules surrounding the IPO, even if you don't own SpaceX.
It all depends on which index funds you hold.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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