Shopify Inc to Join the Nasdaq-100 Index® Beginning May 19, 2025
Rhea-AI Summary
Shopify Inc. (SHOP) is set to join the prestigious Nasdaq-100 Index® and several other Nasdaq indices effective May 19, 2025. The e-commerce platform will replace MongoDB, Inc. (MDB) in multiple indices, including the Nasdaq-100 Equal Weighted™ Index, Nasdaq-100 Tech Sector™ Index, and various ESG and technology-focused indices.
Positive
- Inclusion in the prestigious Nasdaq-100 Index, which typically increases visibility and trading volume
- Addition to multiple major Nasdaq indices, potentially increasing institutional investment exposure
Negative
- None.
News Market Reaction
On the day this news was published, NDAQ gained 1.94%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Shopify Inc. (Nasdaq: SHOP), will become a component of the Nasdaq-100 Index® (Nasdaq: NDX®) and the Nasdaq-100 Equal Weighted™ Index (Nasdaq: NDXE™) prior to market open on Monday, May 19, 2025. Shopify Inc. will replace MongoDB, Inc. (Nasdaq: MDB) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index.
MongoDB, Inc. will also be removed from the Nasdaq-100 Tech Sector™ Index (Nasdaq: NDXT™), the Nasdaq-100 Technology Sector Market-Cap Weighted™ Index (NDXTMC™), the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index (NDXT10™), the Nasdaq-100 ESG™ Index (Nasdaq: NDXESG™), the Nasdaq-100 Sustainable ESG Select™ Index (Nasdaq: NDXSES™) , the Nasdaq-100 ex Top 30™ Index (Nasdaq: NDX70™), the Nasdaq-100 ex Top 30 UCITS™ Index (Nasdaq: NDX70U™), and the Nasdaq-100 High Beta™ Index (Nasdaq: NDXHB™) on the same date. Shopify Inc. will replace MongoDB, Inc. in the Nasdaq-100 Tech Sector™ Index (Nasdaq: NDXT™), the Nasdaq-100 Technology Sector Market-Cap Weighted™ Index (NDXTMC™), and the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index (NDXT10™) on the same date.
For more information about the company, go to https://www.shopify.com/.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
Media Contacts: Maximilian Leitenberger, Nasdaq, Maximilian.Leitenberger@nasdaq.com
Issuer & Investor Contact: Index Client Services, Nasdaq, Indexservices@nasdaq.com
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FAQ
When will Shopify (SHOP) join the Nasdaq-100 Index?
Which company will Shopify replace in the Nasdaq-100 Index?
What are the main indices Shopify will be added to?
What is the significance of Shopify joining the Nasdaq-100 Index?
