Now to see if the next big startup to IPO (AirBnB, Uber, etc) learns their lesson about issuing these bullshit shares to the public.
$SPY alone is a significant chunk of total equities ADV - and there are other SP500 ETFs that hold significant assets. By not being eligible to be part of these indices pre-IPO shareholders are ignoring a huge and growing segment of the market.
$SPY alone is a significant chunk of total equities ADV - and there are other SP500 ETFs that hold significant assets. By not being eligible to be part of these indices pre-IPO shareholders are ignoring a huge and growing segment of the market.