The SpaceX IPO Is Finally Here: This Is When It Might Be Coming to Your S&P 500 ETF
S&P Dow Jones indexes said it won't make any special rule changes to allow SpaceX into the S&P 500.
The SpaceX IPO Is Finally Here: This Is When It Might Be Coming to Your S&P 500 ETF
Overview
Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, officially became a publicly traded company on Friday, June 12, in what was the largest initial public offering (IPO) ever.
From the exchange-traded fund (ETF) industry's perspective, the natural question is when the stock will start showing up in the biggest funds. For ETFs tracking indexes, it's really up to the index providers' rules as to when new issues qualify for inclusion. Some can begin adding stocks like SpaceX in just a few days. Others require a longer wait.
Details
S&P Dow Jones Indices made the somewhat surprising decision earlier this month that it would not be fast-tracking high-profile mega-IPOs into its indexes.
Source
Originally published at www.fool.com.
