This article is machine translated
Show original

Recently, everyone's been worried that SpaceX might be immediately included in the S&P 500 after its IPO. Newly listed companies shouldn't be allowed to jump the queue just because they have a large market capitalization. They still need to wait a full 12 months and meet basic requirements such as profitability and free float. I don't think this is actually a bad thing. Indexes shouldn't give the green light to companies just because they have a sensational reputation or are large enough. Even the most spectacular IPOs should first be priced by the market.

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments