SEC notice sets 19 November start for KalshiEX's faster IPO listing rules on perpetual futures
A notice dated 6 November and published in the Federal Register on 12 November sets out KalshiEX's change to the listing standards for perpetual security futures on newly public stocks. The proposed rule change will become effective on 19 November. Comments are due by 3 December. It would allow the exchange to list a contract from the second business day after a covered security's IPO day if, among other tests, the stock has traded 2,400,000 shares since the IPO and the five-day $3 lookback is waived for companies with a market capitalisation of at least $3bn at the offering price. The existing $100bn market-capitalisation test still applies.