MSTR to enter Nasdaq 100? We’ll know soon.

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

MicroStrategy could later this month join the Nasdaq 100, which includes many of the largest non-financial, Nasdaq-listed companies.

A Nasdaq spokesperson told me changes to the index would be announced tonight at 8 pm ET. Adjustments would go into effect on Dec. 23. 

MicroStrategy’s market capitalization stands around $95 billion and appears to meet the requirements for inclusion, analysts say.  

But the Nasdaq committee’s decision could depend on MSTR’s ICB classification, Bloomberg Intelligence analyst James Seyffart mentioned in a recent research note. Much of the…

Read more on Blockworks

63.5K Reads