[panarky]

Nonsense.

The extremely small float of these offerings will make index weights a rounding error.

Ask your LLM of choice to compare the likely value of shares to be held by index funds with the market cap of each of these companies.

[groundzeros2015]

I don’t understand the argument that small amounts don’t matter.

Diversification doesn’t work if you throw in low quality investments you wouldn’t consider on their own. It just lowers returns.

[postflopclarity]

except that they changed the index rules to OVERweight them because of their small float.