Angi rises as co set to join S&P SmallCap index

People Incorporated

27/03/2025 12:20

** Shares of Angi Inc ANGI.O up 4.3% to $17.14 before the bell as home services marketplace poised to join S&P SmallCap 600 index .SPCY next week

** ANGI to replace ODP Corp ODP.O in the SPCY prior to market open on Weds., Apr 2, the S&P Dow Jones Indices announced late Weds

** Media/internet firm IAC IAC.O set to spin off its majority stake in ANGI

** Office Depot and OfficeMax owner ODP's market cap is "no longer representative of the small-cap market space," S&P Dow Jones Indices said

** ODP shares down 2% at $14.52 on very thin premarket trading

** Angi currently has ~50 mln shares outstanding for ~$821 mln market cap, LSEG data shows

** Through Weds close, ANGI shares have lost roughly ~40% over the past 12 months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))