Twitter to be Added to Wilshire 5000 After Market Close on Friday, November 15
Only seven trading days after completing its initial public offering, Twitter (NYSE: TWTR) will be added to the Wilshire 5000 Total Market IndexSM effective after the markets close on Friday, November 15, 2013, according to Wilshire Associates Incorporated (Wilshire(R)), a diversified global financial services firm. The inclusion will be in conjunction with the regular monthly additions and deletions of the Wilshire 5000(R).
"From its inception in 1974, the intent always has been for the Wilshire 5000 Total Market Index to be the most complete and investable measure of the total U.S. equity market," noted Robert J. Waid, managing director. "As a rules-based index, the Wilshire 5000 does not need to make special accommodations for early entry of large IPOs, like Twitter, as stock additions always have been made monthly for U.S. companies with readily available price data. The Twitter IPO is no exception," he concluded.
Other securities to be added next week include The Container Store Group Inc. and Burlington Stores, Inc.
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