STOCK TITAN

DigitalOcean Holdings Set to Join S&P SmallCap 600

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

DigitalOcean Holdings Inc. (NYSE: DOCN) will replace Agiliti Inc. (NYSE: AGTI) in the S&P SmallCap 600 effective May 7, 2024. Thomas H. Lee Partners L.P. is acquiring Agiliti. The change will be prior to the opening of trading on the effective date.

DigitalOcean Holdings Inc. (NYSE: DOCN) sostituirà Agiliti Inc. (NYSE: AGTI) nell'S&P SmallCap 600 a partire dal 7 maggio 2024. Agiliti sarà acquisita da Thomas H. Lee Partners L.P. Il cambiamento avverrà prima dell'apertura del mercato nella data effettiva.
DigitalOcean Holdings Inc. (NYSE: DOCN) reemplazará a Agiliti Inc. (NYSE: AGTI) en el S&P SmallCap 600 a partir del 7 de mayo de 2024. Thomas H. Lee Partners L.P. está adquiriendo Agiliti. El cambio se realizará antes de la apertura de mercado en la fecha efectiva.
DigitalOcean Holdings Inc. (NYSE: DOCN)이 2024년 5월 7일부터 S&P SmallCap 600에서 Agiliti Inc. (NYSE: AGTI)를 대체할 것입니다. Thomas H. Lee Partners L.P.가 Agiliti를 인수합니다. 변경은 효과적인 날짜에 거래 개시 전에 이루어집니다.
DigitalOcean Holdings Inc. (NYSE: DOCN) remplacera Agiliti Inc. (NYSE: AGTI) dans le S&P SmallCap 600 à partir du 7 mai 2024. Agiliti est en cours d'acquisition par Thomas H. Lee Partners L.P. Le changement aura lieu avant l'ouverture du marché à la date effective.
DigitalOcean Holdings Inc. (NYSE: DOCN) wird Agiliti Inc. (NYSE: AGTI) im S&P SmallCap 600 ab dem 7. Mai 2024 ersetzen. Agiliti wird von Thomas H. Lee Partners L.P. übernommen. Die Änderung erfolgt vor der Marktöffnung am Stichtag.
Positive
  • None.
Negative
  • None.

DigitalOcean Holdings' inclusion in the S&P SmallCap 600 is a notable development for the company and its investors. Historically, such index inclusions can lead to increased visibility and potentially heightened liquidity due to the index-tracking funds that subsequently must purchase the stock to mirror the index composition. For retail investors, this could mean an uptick in trading volume and potentially more stability in the stock's price due to diverse ownership. However, it's important to note that being added to an index doesn't inherently change a company's fundamental value. Investors should consider the company's growth prospects within the information technology sector, competitive position and financial health.

From a financial perspective, DigitalOcean's addition to the index may stimulate short-term buying pressure as mutual funds and ETFs that track the S&P SmallCap 600 adjust their portfolios. However, this effect is often temporal. Long-term investors should weigh this news against other financial metrics and performance indicators. They should evaluate DigitalOcean's revenue growth, profit margins and cash flow generation against their sector peers. It's also important to analyze how DigitalOcean is adapting to the competitive landscape in cloud infrastructure, particularly with respect to pricing pressure from larger players like AWS, Google Cloud and Microsoft Azure.

NEW YORK, April 30, 2024 /PRNewswire/ -- DigitalOcean Holdings Inc. (NYSE: DOCN) will replace Agiliti Inc. (NYSE: AGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, May 7. Thomas H. Lee Partners L.P. is acquiring Agiliti in a deal expected to be completed on or about that date pending final conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name

Action

Company Name

Ticker

GICS Sector

May 7, 2024

S&P SmallCap 600

Addition

DigitalOcean Holdings

DOCN

Information Technology


S&P SmallCap 600

Deletion

Agiliti

AGTI

Health Care

For more information about S&P Dow Jones Indices, please visit www.spdji.com 

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com 

Media Inquiries
spdji.comms@spglobal.com

Cision View original content:https://www.prnewswire.com/news-releases/digitalocean-holdings-set-to-join-sp-smallcap-600-302132309.html

SOURCE S&P Dow Jones Indices

FAQ

When will DigitalOcean Holdings replace Agiliti in the S&P SmallCap 600?

DigitalOcean Holdings will replace Agiliti in the S&P SmallCap 600 effective May 7, 2024.

Who is acquiring Agiliti Inc.?

Thomas H. Lee Partners L.P. is acquiring Agiliti Inc.

What sector does DigitalOcean Holdings operate in?

DigitalOcean Holdings operates in the Information Technology sector.

Agiliti, Inc.

NYSE:AGTI

AGTI Rankings

AGTI Latest News

AGTI Stock Data

1.37B
66.16M
1.75%
99.8%
0.83%
Dental Laboratories
Manufacturing
Link
United States of America
EDEN PRAIRIE

About AGTI

agiliti is a company of 3,000 passionate equipment management experts who believe every interaction has the power to change a life. we’ve built a brand that’s dedicated to optimizing clinical outcomes while relentlessly improving economic outcomes for our customers.