Pinduoduo, Inc. to Join the NASDAQ-100 Index Beginning August 24, 2020

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NEW YORK, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Nasdaq NDAQ today announced that Pinduoduo, Inc. PDD, will become a component of the NASDAQ-100 Index® NDX and the NASDAQ-100 Equal Weighted Index NDXE prior to market open on Monday, August 24, 2020.  Pinduoduo, Inc. will replace NetApp, Inc. NTAP in the NASDAQ-100 Index® and the NASDAQ-100 Equal Weighted Index. NetApp, Inc. will be also be removed from the NASDAQ-100 Technology Sector Index NDXT prior to market open on Monday, August 24, 2020. Pinduoduo, Inc. will be added to the NASDAQ-100 Ex-Technology Index NDXX at the next quarterly rebalancing.

For more information about the company, go to https://en.pinduoduo.com/.

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The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq's proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Media Contact:   Matthew Sheahan, Nasdaq
matthew.sheahan@nasdaq.com
Issuer & Investor Contact: Index Client Services, Nasdaq
Indexservices@nasdaq.com 
   

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