DigitalOcean To Replace Agiliti In S&P SmallCap 600 Effective Prior To Opening Of Trading On May 7
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean (DOCN) is set to replace Agiliti (AGTI) in the S&P SmallCap 600 before the market opens on May 7, as Thomas H. Lee Partners L.P. finalizes its acquisition of Agiliti.
April 30, 2024 | 9:23 pm
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Agiliti is being acquired by Thomas H. Lee Partners and will be removed from the S&P SmallCap 600, marking the end of its public trading.
The acquisition of Agiliti by Thomas H. Lee Partners and its subsequent removal from the S&P SmallCap 600 typically signifies the end of its availability for public trading. This could lead to a decrease in its stock price in the short term as it transitions out of the index.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
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DigitalOcean is set to join the S&P SmallCap 600, potentially increasing its visibility and attractiveness to investors.
Joining the S&P SmallCap 600 often leads to increased investor interest and can result in a positive impact on the stock price due to the visibility and credibility it provides. This inclusion could attract more institutional and retail investors to DOCN.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90