Nasdaq Inc. will shorten the timeline for newly listed large-cap companies to
enter the Nasdaq-100, allowing eligibility after 15 trading days instead of at
at least three months. The change, effective May 1, also removes the 10% minimum
float requirement. The move aims to speed inclusion of major IPOs, such as a
potential listing by SpaceX. Nasdaq said asset managers broadly supported the
proposal, reflecting pressure on index providers to adapt as companies stay
private longer and debut with large market capitalizations.
