Herbert Ong claims Nasdaq rule changes could let mega IPOs enter the Nasdaq 100 within 15 days and without a 10 percent float requirement, potentially forcing rapid index driven inflows into new listings.
🚨 Nasdaq fast-tracks IPOs like SpaceX into the Nasdaq 100
New rule will allow large IPOs to enter the index in as little as 15 days (vs ~3 months before), with the 10% float requirement removed.
The change takes effect May 1, potentially accelerating massive inflows into names
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