Nasdaq plans to expedite the process of including large IPOs in its indices.

Nasdaq will introduce a series of new rules, including expediting the process for newly listed large companies to be included in the Nasdaq 100 index, a move aimed at reducing the waiting time for companies to enter this flagship index. With high-valuation tech companies like SpaceX and OpenAI preparing to go public, the exchange operator is trying to accelerate the IPO process. Lillia, head of Nasdaq's global index solutions, said Nasdaq is considering adjusting its rules to ensure that newly listed large companies and companies transferring to other exchanges do not have to endure a wait of up to a year or more to be included in the Nasdaq 100 index. Nasdaq stated that the new rules, including the "fast-track inclusion" mechanism, will take effect on May 1, but most of the adjustments are expected to affect the index components only in June. (Jinshi)