But they are going to coincide lockups with the release of additional stock float from 5% up to 20% of the total "valuation" with a 3x QQQ multiplier so that stock indexes will treat them as 60% float even though 2/3rds of those shares are unavailable. Thus they guarantee that even more shares must be bought by tracking ETFs and institutional buyers. Everybody (that already owns pre-IPO shares) wins!
It's also a tiny effect given the total-market funds buy small amounts of each company, and the NASDAQ 100 isn't particularly big.
If S&P had changed its rules for the S&P 500, there would have been an effect. In the end, the drama was almost entirely a spectacle for finance influencers and their viewers.
But they are going to coincide lockups with the release of additional stock float from 5% up to 20% of the total "valuation" with a 3x QQQ multiplier so that stock indexes will treat them as 60% float even though 2/3rds of those shares are unavailable. Thus they guarantee that even more shares must be bought by tracking ETFs and institutional buyers. Everybody (that already owns pre-IPO shares) wins!
But that's not a secret, and therefore already priced in, right?
It's also a tiny effect given the total-market funds buy small amounts of each company, and the NASDAQ 100 isn't particularly big.
If S&P had changed its rules for the S&P 500, there would have been an effect. In the end, the drama was almost entirely a spectacle for finance influencers and their viewers.
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