alt Hacker NewsThat ".125% is not much to matter" argument also cuts the other way, against the Matt Levine argument that the S&P is excluding trillion dollar companies and should adjust the rules for them.
Should S&P really adjust the rules for such a small portion of the index?
Yes, because that number increases to 1-2% of the index after the IPO lockup period ends.
There are three IPOs coming this year that meet this criteria.