Facebook Inc. (FB) stockholders finally received some good news yesterday when Nasdaq announced it would replace Infosys Ltd. (INFO) with the social network on its 100 Index (NDX) before trading begins Dec. 12. The move is expected to make Facebook stock more attractive to fund managers seven months after the company’s $16 billion IPO in May.

Facebook stock sunk as much as 53 percent after initially selling for $38 a share in May. It’s third-quarter sales, however, rebounded by 32 percent, and the addition to the index is expected to attract more buyers.

“Adding Facebook to the index should create some additional demand for shares,” Robert W. Baird & Co. analyst Colin Sebastian told Bloomberg. “But more important in our view is the progress Facebook is making since the summer on mobile and with the ad exchange.”

Nasdaq previously required a two-year waiting period before a company could be listed in the Nasdaq-100, or one year if the company’s stock was among the top 25 in the index based on market value. But the rule was changed—reducing the waiting period to three months—on April 23 of this year, the same day Facebook disclosed it would list in the Nasdaq Stock Market instead of the New York Stock Exchange.

[Image via lev radin/Shutterstock]

Samantha Lile

Samantha Lile is a 2002 Missouri State University graduate of journalism and mass media. She has served as a reporter and editor for various newspapers throughout her journalism career. She made the leap into writing full-time after working for a major financial institution since 2000.

Because of her banking background, Samantha is knowledgeable in finance reporting, but is also strong in commentaries, personal profiles, youth studies, horticulture, history and entertainment-related works.

Samantha lives in Ozark, Mo. with her husband of nine years, four dogs and two cats.

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