2 ms·
By making inclusion near-certain and fast, the rule changes may actually reduce the post-IPO inclusion pop (it gets priced in at IPO) while increasing the IPO p
by andsoitis 5mo ago
By making inclusion near-certain and fast, the rule changes may actually reduce the post-IPO inclusion pop (it gets priced in at IPO) while increasing the IPO price itself and the volatility on rebalance day due to the float constraint.