Nasdaq Plans to Accelerate the Inclusion Process for Large New Listings in Its Index

Odaily News: Nasdaq will introduce a series of new rules, including expediting the process for newly listed large companies to be included in the Nasdaq 100 Index. This move aims to reduce the waiting time for companies to enter this flagship stock index. As high-valuation tech companies like SpaceX and OpenAI prepare to go public, exchange operators are seeking to accelerate the IPO process. Lilia, Head of Global Index Solutions at Nasdaq, stated that Nasdaq is considering adjusting its rules to ensure that newly listed large companies and those transferring their listings can be included in the Nasdaq 100 Index without having to wait for a year or even longer. Nasdaq indicated that the new rules, including the "fast inclusion" mechanism, will take effect on May 1, but most adjustments are not expected to impact index constituents until June. (Jin10)