SpaceX IPO Gets a Route for Faster FTSE Russell Index Inclusion

FTSE Russell adopted a rule change that will speed the addition of newly listed large-cap companies to its main indexes, weeks ahead of SpaceX’s expected record-breaking initial public offering.

Under the policy announced late Tuesday, IPOs with investable market capitalizations above the cutoff for the Russell Top 500 will qualify for so-called fast entry after their fifth trading day. Previously, eligible companies were assessed during quarterly reviews.

“The introduction of a fast entry mechanism for sizable IPOs enables the indexes to reflect significant market developments more promptly,” Arne Noack, head of equity and multi-asset indices, Americas at FTSE Russell, ...