S&P Weighs New Index Rules to Speed Up Addition of Mega IPOs (1)

S&P Dow Jones Indices LLC has launched a consultation that could eventually speed up the entry of mega cap companies seeking to IPO into its indexes, including the S&P 500.

The rule change would shorten the amount of time a company needs to be public before being eligible to enter its indexes to six months versus the current minimum of 12, according to a statement on Thursday, confirming a previous Bloomberg report. The index provider is also weighing new rules that may waive the requirements on profitability and liquidity for large companies.

If approved, the changes would mean that billionaire ...