What Happened
Fast Tracking Mega IPOs Raises Concerns For Passive Investors
SpaceX is set to join major indexes early, with some index providers adding the company to their benchmarks after just five days of trading. This move has raised concerns among passive investors, who may be exposed to an untested company. According to Owen Lamont of Acadian Asset Management, the fast-tracking of mega IPOs shouldn’t keep passive investors up at night, but it isn’t great either. The development was reported by The Wall Street Journal.