S&P Dow Jones Maintains Profitability Requirement for S&P 500 Inclusion, Delaying Major IPO Listings

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According to Bloomberg, S&P Dow Jones Indices rejected easing the S&P 500 inclusion criteria after a month-long consultation by its index committee. The operator will maintain the requirement that companies must achieve net profitability over the past year, including the most recent quarter. The decision means large newly listed companies such as SpaceX that have not yet met consistent profitability conditions will face delays in entering the benchmark index.
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