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Elon Musk’s $2 trillion IPO hits a guardrail.
The S&P just found the backbone that Nasdaq discarded on the street alongside the rest of New York City’s trash. While others are bending the rules to accommodate SpaceX and other gargantuan IPOs, the S&P is standing firm. “No changes will be made” to accommodate these mega offerings.
S&P Dow Jones press release
[S&P Dow Jones]
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