Best of luck on the trade. If tech breaks- or, more accurately, has already broken & continues to drop to any of my deeper near-term targets (T3 or T4 on the 60m chart), then growth stocks & ETFs, such as VUG, will likely underperform (fall more) than the broad market (S&P 500).

Short answer: I have no idea. It all depends on how it performs 15 days post-IPO (that’s when it will start inclusion in the Q’s), although from what I understand, it will only have about a 0.47%-0.70% weighting in the Nasdaq 100 & no weighting (not included) in the S&P 500, so really, not much other than maybe a psychological impact to some degree should it plunge or rip, post-IPO.