Facebook Set to Join Nasdaq-100

Facebook (NASDAQ:FB) next week will become the newest member of the Nasdaq-100 Index, which includes 100 of the biggest non-financial stocks listed on the Nasdaq. FB will take the spot held by Infosys (NASDAQ:INFO) and join marquee tech companies like Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOG).

Back in April, the Nasdaq changed its waiting period for the Nasdaq-100 from two years to three months; now, that move seems like it was tailor-made just to snag the Facebook IPO listing.

Exchanged-traded funds based on the Nasdaq-100 — such as the PowerShares QQQ Trust (NASDAQ:QQQ) — have about $50 billion in assets, which means Facebook should see some added demand in the short-term. Though judging by today’s fractional move upward in shares, it seems like FB’s eventual inclusion might already have been factored in.

Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders.”  Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media, https://investorplace.com/ipm_ipo_pb/facebook-set-to-join-nasdaq-100/.

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