Comment by whall6
17 hours ago
The life cycle of a share starts at IPO. The S&P 500 does not add companies to its index until at least 12 months after IPO.
Also, Meta issued 180 MM new shares at $38/share at IPO. That’s ~$7 Bn. Which is less than 1/4th of what they repurchased just last year.
Between share repurchases and dividends, S&P 500 companies are putting money into the markets, not pulling it out.
> The S&P 500 does not add companies to its index until at least 12 months after IPO.
Unless you're SpaceX [0], then the rules have exceptions...
[0] https://finance.yahoo.com/markets/stocks/articles/elon-musks...
Markets can and do change rules from time to time. This rule change would apply to any new listing, not just SpaceX.
Yes, but it was done for spacex and it’s crooked
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