The journey that Ferrovial began in 2023 has achieved new success. The dealership founded by the Del Pino family will land on December 22 in one of the main American indices: the Nasdaq 100. The company will be part of the selective sector that shares giants like Nvidia, Apple, Microsoft or Amazon and will become the first company of Spanish origin in Brazil.
This index, which brings together the 100 largest companies and with the greatest volume of transactions that share the Nasdaq market, with the exception of financial companies, arouses the interest of a large multitude of investment funds and listed funds, not even as much as the S&P 500, the most replicated index in the world. More than 200 investment vehicles among which is the Invesco QQQ listed fund (ETF) replicating the Nasdaq 100, managing between all assets more than 600,000 million dollars, hence the importance that its inclusion in it implies for a company.
“Ferrovial’s entry into the Nasdaq 100 is recognition of the strength of our integrated business model for infrastructure development. This success increases our visibility among American and global investors, expands our shareholder base and demonstrates market confidence in our ability to develop high-value infrastructure concession projects, which stimulate economic growth and contribute to the development of the communities in which we operate,” underlines Ignacio Madridejos, managing advisor of Ferrovial, in a press release, in which the company’s commitment to creating long-term value for its shareholders.
Bank of America experts estimate that with its inclusion in the Nasdaq 100, Ferrovial will benefit from an entry into the capital of passive funds worth approximately $1.1 billion. During this year, Ferrovial revalued by 40.5% and its capitalization amounted to 41.3 billion euros.
Ferrovial began trading on the Nasdaq market in May 2024 following a move that lifted few political and commercial constraints in Spain. A year earlier, Ferrovial had decided to move its headquarters to the Netherlands and list on Euronext in Amsterdam, emphasizing that its ultimate goal was to take the plunge from the American Stock Exchange and be listed there with normal shares and not with the ADR, a financial derivative product traded on an exchange and whose underlying shares are deposited in an American bank.
In its latest available results, corresponding to the third quarter of this year, Ferrovial managed to increase its operating profit by 16% in the first months of 2025 to 966 million euros with revenues of 6,911 million euros, 6.2% more than in the same period of last year. The composition of the order book of the company’s construction division then stood at 17,168 million euros, with North America accounting for 47%, Poland 22% and Spain 15% of this area.
In the annual review of the index, Nasdaq chose to add Alnylam Pharmaceuticals, Insmed Incorporated, Monolithic Power Systems, Seagate Technology and Western Digital. Asimismo announced the exclusion of Biogen, CDW Corporation, GlobalFoundries, Lululemon Athletica, ON Semiconductor Corporation and The Trade Desk.
The Nasdaq 100 has so far lost giants like Walmart and Sanofi. The first decision was made at the beginning of December to move from the New York Stock Exchange (NYSE) to Nasdaq. With its capitalization of $930 billion, it is a clear candidate for entry into the index, even if the move did not arrive in time for this revision to be produced before the closing date, November 28. We will also have to wait for the British pharmaceutical company Astrazeneca, which was listed on this market via the ADR but decided to do so with its own shares.
There was also no change for Strategy, one of the world’s largest bitcoin traders. Analysts at JP Morgan raised the possibility that it was excluded from the Nasdaq 100 due to its loss of value in recent months – its securities returned 54% in the last six months – and in the face of growing debate over whether a company whose cryptoasset holdings exceeded 50% of its assets should be part of a selection like the S&P 500 on Nasdaq.
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