WASHINGTON: CoStar Group will be added to the NASDAQ 100 Index®, efficient previous to the opening of buying and selling on Monday, December 19, 2022.
CoStar Group is a number one global supplier of on-line actual property marketplaces, information, and analytics within the commercial and residential property markets.
Widely acknowledged as one of many world’s largest preeminent large-cap indexes, the NASDAQ 100 Index® is comprised of the largest and most innovative non-financial companies listed on the Nasdaq Stock Exchange based on market capitalization.
The Index is home to many high-performing companies from popular sectors like technology, healthcare, consumer goods and services and industrials.
CoStar Group was based by Andy Florance based on his imaginative and prescient to digitize the world’s actual estate, empowering all people to find properties, insights, and connections that enhance their companies and lives. CoStar Group now operates over 25 industry-leading manufacturers and employs greater than 5,600 people throughout 14 countries.
The firm became publicly traded via an preliminary public providing in 1998, elevating $23 million. Most recently, CoStar Group income for the twelve months ending June 30, 2022 was over $2 billion, with market capitalization of $33.32 billion as of Monday, December 12, 2022.
Additionally, CoStar Group was chosen for inclusion within the S&P 500 Index, one of many premier benchmarks of the U.S. equities market, this previous September.
“The NASDAQ 100 Index® is home to a few of the most technologically superior and innovative companies within the nation and we’re honored to have CoStar Group acknowledged amongst this talented group,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group.
“At the forefront of CoStar Group’s success are our devoted employees, our ardour to drive innovation in an ever-evolving industry and our dedication to achieving distinctive outcomes for our customers and shareholders. I am immensely proud of the progress we have achieved as a team and look ahead to persevering with this positive momentum within the brand new year.”