The Spanish company Ferrovial entered the Nasdaq 100 this Friday, becoming one of the 100 largest non-financial companies in the US stock index after 19 months of its debut on the other side of the Atlantic.
Five other companies accompanied him when he joined, six in total, which meant the departure of six more companies. These changes will take effect before the market opens on Monday, December 22nd.
The companies included in this annual renewal were Alnylam Pharmaceuticals, Insmed Incorporated, Monolithic Power Systems, Seagate Technology Holdings and Western Digital Corporation. On the contrary, it abandoned the selective stocks Biogen, CDW Corporation, GlobalFoundries, Lululemon Athletica, ON Semiconductor Corporation and The Trade Desk.
The company, chaired by Rafael del Pino, launched its listing in the North American country – for which it previously moved its headquarters to the Netherlands – with the aim of entering a technology selection that includes giants such as Microsoft, Apple, Amazon, Alphabet (Google), Meta, Tesla, Intel, Paypal or Netflix. The most valuable company, Nvidia, has a capital of five billion euros, which is almost three times the GDP of Spain.
Entry into the Nasdaq 100 represents an important boost for Ferrovial in its internationalization strategy and becomes part of one of the most relevant indices on Wall Street and worldwide.
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