SP Global Keeps Fast Entry Rules for SpaceX IPO
SP Global confirmed it will not alter fast entry rules for major indices ahead of SpaceX upcoming public market debut. SpaceX aims to raise 75 billion dollars in its historic initial public offering next week.
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S&P GLOBAL INC held its index entry criteria firm on Thursday, setting up a hurdle for SpaceX's upcoming market debut. The index provider rejected market-cap-only exceptions for fast entry. The decision challenges SpaceX's push for immediate index inclusion ahead of its $75B listing.
