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Re:Anthropic confidentially submits draft S-1 to the SEC by stockresearcher on Monday June 01, 2026 @03:10PM (#48361251)
Strongly recommend reading this linked paper, written by CRSP folks:

https://indexes.morningstar.com/insights/analysis/bltcd8e699...

These IPOs will have minuscule impact on the indexes initially. They will have a big impact if they can maintain share price in the first ranking/reconstitution after the lockup period expires.

Re:Anthropic confidentially submits draft S-1 to the SEC by BoggleOhYeah on Monday June 01, 2026 @03:54PM (#48361772)
They will have a big impact if they can maintain share price AND the float increases due to the lockout period expiring (ie. pre-IPO owners selling off shares).

I'd like to know how the CRSP/Morningstar folks feel about the interesting lock-up period rules that Elon has inserted into the SpaceX IPO and how that jives with their analysis.

Re:Anthropic confidentially submits draft S-1 to the SEC by largbae on Monday June 01, 2026 @04:52PM (#48362481)
Won't the lockup expiry increase the float on these already-included companies, forcing mechanical buying by all the very large pool pool of folks holding these index funds? Thus creating forced buyers to maintain said share price?
Re:Anthropic confidentially submits draft S-1 to the SEC by stockresearcher on Monday June 01, 2026 @07:39PM (#48364020)
Every single index fund is different. They all have publicly available methodology guides; you can read them to understand how it works and to model various scenarios.

This particular one, the CRSP total market - which Vanguard uses for VTI - has a “modern” methodology that is thought to be very good. Once every three months they re-rank the entire market and assign weights based on the market as of a particular point in time. Then, a randomly-chosen number of days later, the fund (Vanguard) begins a weeklong reconstitution process in which they buy and sell stocks to reflect the new weights. It is intentionally a weeklong process so that the market is setting prices and not Vanguard with the size of their orders.

The lockup expiry happens, the market reacts, the market is re-weighted, the index reconstitutes. In that order. The price of the stock has to survive the increased float to force the index fund to buy lots more shares.