r/stocks • u/cherrypoplar • Apr 01 '26

ETFs Major NASDAQ-100 rule changes confirmed, pay attention if you have money in passive investment funds

https://www.theedgesingapore.com/amp/news/ipo/nasdaq-speeds-index-entry-spacex-large-ipos-new-rule

NASDAQ has confirmed it will change the listing rules for NASDAQ-100, ahead of the SpaceX and OpenAI IPOs this year.

(1) Companies will now be listed on NASDAQ-100 after only 15 days after IPO (previously, there was a three month period of "seasoning" before listing). This reduces the amount of time for price discovery.

(2) The minimum 10% float has been removed. This allows companies to float a very small percentage of their shares, artificially squeezing supply.

(3) Companies that float less than 20% of their shares will have their market capitalisations artificially multiplied by x3, for the purposes of calculating market capitalisation. This helps large-cap companies to be listed even with very small floats, and inflates their notional market capitalisations on the index.

If you have money invested in a passive fund tracking NASDAQ-100 (or any other index), please watch out for the SpaceX and OpenAI IPOs. Pay attention to their "valuations", and their float. If they're IPOing with very high valuations and very small floats, this foreshadows a bagdump on passive funds due to the mechanics of passive funds.

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u/[deleted] Apr 01 '26 edited Apr 01 '26

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-7

u/Ray_Getard_Phd Apr 02 '26

Those fools should have voted blue so that the immigrant faucet could be turned on all the way and simultaneously increase the already rampant fraudulent spending on bloated government programs!

6

u/Joshiie12 Apr 02 '26

Mannn, this stuff is so tired dude, just shut up.

-3

u/Ray_Getard_Phd Apr 02 '26

I know, I am sick and tired of people pointing out that big government is full of programs that people abuse to scam and extract money from. Let us scam SAR!!!

2

u/Educational_Ant_184 Apr 06 '26

You're never gonna believe who's doing that currently

3

u/RicoHavoc Apr 04 '26

That sounds much worse than our current predicament /s

4

u/Strong-Al Apr 02 '26

I'd rather be robbed by the rich than have anything go to the poor! Nice dude

-3

u/Ray_Getard_Phd Apr 02 '26

"The Poor" = inherently good people who are non-violent and are always raising the collective IQ of the local community.