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

Odaily Planet Daily News reports that Nasdaq will roll out a series of new rules, including speeding up the process for newly listed large companies to be included in the Nasdaq 100 index. This move is intended to reduce the waiting time for companies to enter this flagship equity index. As high-valuation 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 that switch listings (from other exchanges) do not need to wait as long as a year or even longer to be added to 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 index constituents only in June. (Jin 10)