Are ETFs ready for three gigantic IPOs this year?

SpaceX Falcon Heavy demo mission in 2018 | Credit: SpaceX via Unsplash
SpaceX Falcon Heavy demo mission in 2018 | Credit: SpaceX via Unsplash
The anticipated mega-cap listings of SpaceX, Anthropic and OpenAI are fueling debate over the risks of passive investing. Critics argue that recent index rule changes by Nasdaq could force passive funds to buy stock in highly valued companies with limited free floats shortly after their market debut.

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