[tristanj]

This is completely wrong. Passive funds don't buy at IPO price. They buy after the inclusion rebalance which happens weeks later, at whatever price the market has already set. Plus the S&P500 rule change hasn't even happened yet, it's unclear if the rules in the current form will go through.

[chilipepperhott]

THANK YOU. Everyone complaining about index inclusion in passive funds have clearly forgotten to read their respective prospectuses.