Q: Nasdaq announced Friday night that SHOP will be included in a number of Nasdaq 100 and Nasdaq Tech Sector indices, as of May 19th.
I am not sure if there was a speculation about possibility of this index inclusion in the market after SHOP listed New York, as its Principal Executive Office alongside Ottawa in a recent SEC filing.
Do you believe that stock should react well to the announcement over next several trading sessions ?
What would be the estimated demand of its shares from all the ETF's/MF's following these indices ?
Thank You
I am not sure if there was a speculation about possibility of this index inclusion in the market after SHOP listed New York, as its Principal Executive Office alongside Ottawa in a recent SEC filing.
Do you believe that stock should react well to the announcement over next several trading sessions ?
What would be the estimated demand of its shares from all the ETF's/MF's following these indices ?
Thank You
5i Research Answer:
There was speculation when SHOP moved offices, and index committees also have relaxed their...