AppLovin Corporation to Join the Nasdaq-100 Index® Beginning November 18, 2024

Rhea-AI Summary

Nasdaq (NDAQ) announced that AppLovin (APP) will join the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted Index starting November 18, 2024. AppLovin will replace Dollar Tree (DLTR) in these indices. Dollar Tree will also be removed from several other Nasdaq indices, including the Nasdaq-100 Ex-Tech Sector Index and various ESG indices. AppLovin will be evaluated for inclusion in additional technology sector indices during the next quarterly rebalancing.

Positive

• Addition to prestigious Nasdaq-100 Index increases visibility and potential institutional investment
• Inclusion suggests strong market capitalization growth and business performance
• Potential for increased trading volume and liquidity

Negative

• None.

Insights

Market Research Analyst

The inclusion of AppLovin in the Nasdaq-100 Index represents a significant milestone that will likely boost institutional investment visibility and passive fund flows. Index funds tracking the Nasdaq-100 will need to purchase APP shares, potentially creating substantial buying pressure. The replacement of Dollar Tree with AppLovin reflects the growing importance of technology companies in the market landscape.

This index inclusion typically leads to increased trading volume and enhanced liquidity. Historically, companies added to major indices like the Nasdaq-100 often experience a short-term price appreciation due to increased demand from index-tracking funds and greater institutional investor attention. The move also validates AppLovin's market position and growth in the mobile technology and advertising space.

NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that AppLovin Corporation (Nasdaq: APP), 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, November 18, 2024. AppLovin Corporation will replace Dollar Tree, Inc. (Nasdaq: DLTR) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index.

Dollar Tree, Inc. will also be removed from the Nasdaq-100 Ex-Tech Sector™ Index (Nasdaq: NDXX™), 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™), and the Nasdaq-100 ex Top 30 UCITS™ Index (Nasdaq: NDX70U™) on the same date. AppLovin Corporation will be considered for inclusion 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™) at the next quarterly rebalancing.

For more information about the company, go to https://www.applovin.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:	Jennifer Lawson, Nasdaq and Peter Gau, Nasdaq
Issuer & Investor Contact:	Index Client Services, Nasdaq
	Indexservices@nasdaq.com

-NDAQG-

FAQ

When will AppLovin (APP) join the Nasdaq-100 Index?

AppLovin will join the Nasdaq-100 Index prior to market open on Monday, November 18, 2024.

Which company is AppLovin (APP) replacing in the Nasdaq-100 Index?

AppLovin will replace Dollar Tree, Inc. (DLTR) in the Nasdaq-100 Index.

What other Nasdaq indices will consider AppLovin (APP) for inclusion?

AppLovin will be considered for inclusion in the Nasdaq-100 Tech Sector Index, the Nasdaq-100 Technology Sector Market-Cap Weighted Index, and the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index at the next quarterly rebalancing.