TechFlow News, June 8: According to Bloomberg, large IPO candidates—including SpaceX—may need to wait several years before being added to the S&P 500 Index. This is because S&P Dow Jones Indices has declined to relax its index inclusion criteria and continues to require companies to post positive net income over the past year—including the most recent quarter. The decision was made by its Index Committee following a one-month consultation process, meaning large newly listed companies that have not yet met the sustained profitability requirement will remain ineligible for inclusion in the index in the near term.
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