Nasdaq plans to accelerate the inclusion process of large new stocks into the index

Odaily Planet Daily News: Nasdaq will roll out a series of new rules, including speeding up the process for newly listed large companies to be added to the Nasdaq 100 Index. This move is intended to reduce the waiting time for companies to enter this flagship stock 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. Lilia, head of Nasdaq Global Index Solutions, said Nasdaq is considering adjusting its rules to ensure that newly listed large companies and companies moving over from other boards do not have to go through waits lasting up to a year or even longer before being included in the Nasdaq 100 Index. Nasdaq said the new rules, including a “fast-track inclusion” mechanism, will take effect on May 1, but most changes are expected to affect the index constituents only in June. (Jin Ten)