Interactive Brokers Group Set to Join S&P MidCap 400; Alarm.com Holdings and Corcept Therapeutics to Join S&P SmallCap 600

By , in Economy PR PR Health on .

NEW YORK, Dec. 20, 2017 — S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:

  • S&P SmallCap 600 constituent Interactive Brokers Group Inc. (NASD:IBKR) will replace HSN Inc.(NASD:HSNI) in the S&P MidCap 400, and Alarm.com Holdings Inc. (NASD:ALRM) will replace Interactive Brokers Group in the S&P SmallCap 600 effective prior to the open of trading on Tuesday, January 2, 2018. Liberty Interactive Corp. (NASD: QVCA, QVCB, LVNTA, LVNTB) is acquiring HSN in a deal expected to be completed on or about December 29.
  • Corcept Therapeutics Inc. (NASD:CORT) will replace Gigamon Inc. (NYSE: GIMO) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, December 27. Elliott Associates L.P. is acquiring Gigamon in a deal expected to be completed on or about that date pending final approvals.

Interactive Brokers Group operates as an automated electronic broker and market maker.  Headquartered in Greenwich, CT, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Investment Banking & Brokerage Sub-Industry index.

Alarm.com Holdings provides cloud-based software platform solutions for the smart homes and businesses. Headquartered in Tysons, VA, the company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.

Corcept Therapeutics discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and psychiatric disorders.  Headquartered in Menlo Park, CA, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – DECEMBER 27, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Corcept Therapeutics

Health Care

Pharmaceuticals

DELETED

Gigamon

Information Technology

Systems Software

S&P MIDCAP 400 INDEX – JANUARY 2, 2018

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Interactive Brokers Group

Financials

Investment Banking & Brokerage

DELETED

HSN

Consumer Discretionary

Internet & Direct Marketing Retail

S&P SMALLCAP 600 INDEX – JANUARY 2, 2018

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Alarm.com Holdings

Information Technology

Internet Software & Services

DELETED

Interactive Brokers Group

Financials

Investment Banking & Brokerage

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

David Blitzer

Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]

S&P Dow Jones Indices
[email protected]

Media Inquiries
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SOURCE S&P Dow Jones Indices

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Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
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