Freshworks gains ahead of S&P SmallCap 600 inclusion
FRSH•Freshworks shares rose 4.3% to $13.79 in premarket trading after the company was selected to join the S&P SmallCap 600, replacing BioLife Solutions effective before trading begins on October 8.
1. Index addition
Freshworks will replace BioLife Solutions in the S&P SmallCap 600 effective before trading begins on October 8. The announcement came Monday after the U.S. market closed.
2. Company figures
Freshworks had a market capitalization of $3.45 billion as of its last close, and its shares were up 7.9% year to date through that close. BioLife Solutions is being acquired by Repligen later this year, pending regulatory and shareholder approvals.
