GM’s Return to S&P 500 May Take a Year on Guidelines
This article is for subscribers only.
It took 51 years for General Motors Co. to go from the largest company on the Standard & Poor’s 500 Index to being dropped after its bankruptcy last year. The automaker may need at least another year until it returns.
Initial public offerings “should be seasoned for six to 12 months before being considered for addition to an index,” according to methodology listed on S&P’s website. A company’s inclusion is decided by S&P’s U.S. Index Committee.