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> Perhaps they’re afraid announcement would trigger divestment

S&P don't get a choice around whether they announce their methodology or not.

That said, the rule change at the NASDAQ 100 doesn't seem to have impacted pricing or allocation. I can't imagine that many people are that concerned about this. (I posted the public-comment request from S&P to HN [1]. The response was crickets.)

[1] https://news.ycombinator.com/item?id=48054324

Just yesterday I asked my advisor about exposure to these IPOs.

I don't mind having a small bit of exposure to them, I just don't want the outsized share they seem to be trying to take for everyone.

I imagine the vast majority don’t care. All they care about is trying to hit their 401k or Roth IRA contributions for the month.

I can assure you they are already seeing divestment in preparation.