Nasdaq plans to speed up the process for adding large IPOs to its indexes, with the new rules taking effect on May 1

Gate News message, March 30, Nasdaq will roll out a series of new rules to speed up the process for newly listed large companies to be included in the Nasdaq 100 Index (the U.S. tech stock benchmark index). The goal is to shorten the waiting time for firms to enter that flagship equity index. Lilia, head of Nasdaq Global Index Solutions, said Nasdaq is considering adjusting the rules to ensure that newly listed large companies and companies that switch from another board do not have to go through waiting periods of as long as a year or even longer before being added to the Nasdaq 100 Index. As high-valued tech companies such as SpaceX and OpenAI prepare to go public, the exchange operator is trying to accelerate the IPO process. Nasdaq said the new rules, including a “fast-track inclusion” mechanism, will take effect on May 1, but most changes are expected to affect index constituents only in June.

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