#indexadjustments Tech News.
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SpaceThe Motley Fool1 day ago
SpaceX IPO could trigger biggest portfolio reshuffling in yearsSpaceX's $135 per share IPO will raise $75 billion and reach a $1.8 trillion market cap. The offering is oversubscribed and will be added quickly to Nasdaq-100, Russell U.S. Equity, and FTSE Global Equity Indexes. Index funds must buy shares to maintain index composition, driving immediate demand and forcing portfolio reallocation.
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