Facebook to Replace Infosys in Nasdaq-100 Index After IPO
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Facebook Inc. will join the Nasdaq-100 Index next week after the exchange operator shortened its waiting period for inclusion in the gauge, potentially making the stock more attractive to fund managers.
The operator of the social network with more than 1 billion users will replace Infosys Ltd. before the start of trading on Dec. 12, Nasdaq OMX Group Inc. said, about seven months after the company’s $16 billion IPO. The waiting period for entry into the index was a negotiating point with Facebook as it considered listing on Nasdaq or the New York Stock Exchange, a person with knowledge of the matter said in April.