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Alex Ossola

👤 Speaker
9830 total appearances
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WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

The indexes are tweaking their rules so they can integrate IPOs faster.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

So what does that mean for investors?

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

Jason Zweig writes the Intelligent Investor column at the Journal and joins me now.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

Jason, can you give me some examples of those changes that I referred to that these index providers are making?

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

So why are these index providers looking to make these changes?

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

What's the motivation?

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

How do these changes that index providers are making benefit the companies that are going public?

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

So what does this mean for you if you own index funds?

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

That was WSJ columnist Jason Zweig.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

Thanks so much, Jason.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

And speaking of those mega-IPOs, the Journal has learned that SpaceX is looking at a valuation of around $1.75 trillion in its initial public offering.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

Elon Musk's rocket maker is likely to sell under 5% of its shares, a much smaller portion than in a typical IPO.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

It's still possible that those numbers could change before tomorrow afternoon, when SpaceX is aiming to file updated paperwork for the IPO.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

That filing will give investors their first official look at SpaceX's potential valuation in the IPO.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

Coming up, a newly proposed salary cap is threatening to cost baseball owners an entire season.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

More on that after the break.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

U.S.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

stocks ended slightly higher.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

The Dow led the gains and closed up nearly half a percent.

WSJ What’s News
Trump Names Housing Official as Acting Intelligence Head

One standout in the stock market today?