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SpaceX IPO Will Force Index Funds to Buy $7 Billion in One Day. What Happens to Nasdaq Next.
24/7 Wall St.93d agobullish
SpaceX IPO Will Force Index Funds to Buy $7 Billion in One Day. What Happens to Nasdaq Next.

Dave Nadig, the longtime ETF analyst, went on Barry Ritholtz’s Masters in Business: At The Money podcast and described the upcoming SpaceX IPO as “one of those get-the-popcorn moments in markets.” The reason centers on index plumbing that most passive investors never think about. NASDAQ is reportedly waiving its standard six-month seasoning period so SpaceX ... SpaceX IPO Will Force Index Funds to Buy $7 Billion in One Day. What Happens to Nasdaq Next.

Reuters99d agobullish
Uber-backed Lime reveals revenue surge in US IPO filing

Lime, which operates an electric bike and scooter network and is backed by Uber Technologies, reported a jump in yearly ‌revenue in its filing for a U.S. initial public offering. The San ‌Francisco-based startup did not reveal the terms of the offering in the filing. Activity in the U.S. IPO ​market has rebounded after a slowdown earlier in the year linked to volatile equity markets and the war in the Middle East.