S&P Global Inc.: Mega IPOs Such as SpaceX Won't Be Quickly Added to S&P 500 Index

BlockBeats News, June 5th, Standard & Poor's Global announced that it will maintain its existing eligibility criteria for major benchmark indices such as the S&P 500 Index, rejecting a proposal to expedite the rapid inclusion of giant companies like SpaceX after their IPO. On Thursday, the S&P Index stated in a press release that it will not shorten the current 12-month "seasoning period" for newly listed companies, nor will it waive the existing profitability and public float requirements based on company size.

This means that SpaceX will need to wait at least one year after its IPO to be included in the S&P 500 Index, and it will need to meet the index's existing profitability and public float requirements. This includes the company having achieved profitability in the most recent quarter as well as the sum of the past four quarters according to GAAP, and having a public float of no less than 50%. (Jinse)