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>It's not just a list of stocks. It's also a basis for the purchasing of stocks by ETFs, Mutual Funds, etc. Being in the S&P provides a lot of "depth" to a company's stock.

It's still just a list and the reason it exists is to indicate some level of vetting. That's the reason that it's used by those funds.

Being excluded from the list just means you don't meet certain requirements but it doesn't block anyone from purchasing your stock.



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