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Here's Why WeWork Won't be in the S&P 500 Following its IPO

Here's Why WeWork Won't be in the S&P 500 Following its IPO

The co-working company put its “culture of inclusivity” front and center last week in its IPO filing. But when it comes to “inclusion” of its common stock in important indices, the company issued a warning: “S&P Dow Jones and FTSE Russell have announced changes to their eligibility criteria for inclusion of shares of public companies on certain indices, including the S&P 500. These changes exclude companies with multiple classes of shares of common stock from being added to these indices,” the filing states in its risk factors. Translation: WeWork won’t be included—meaning it also won't...

August 21, 2019
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