WASHINGTON: CoStar Group will be added to the NASDAQ 100 Index®, effective prior to the opening of trading on Monday, December 19, 2022.
CoStar Group is a leading global provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets.
Widely recognized as one of the 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 founded by Andy Florance based on his vision to digitize the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group now operates over 25 industry-leading brands and employs more than 5,600 people across 14 countries.
The company became publicly traded via an initial public offering in 1998, raising $23 million. Most recently, CoStar Group revenue 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 selected for inclusion in the S&P 500 Index, one of the premier benchmarks of the U.S. equities market, this past September.
“The NASDAQ 100 Index® is home to some of the most technologically advanced and innovative companies in the country and we’re honored to have CoStar Group recognized 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 dedicated employees, our passion to drive innovation in an ever-evolving industry and our commitment to achieving exceptional results for our customers and shareholders. I am immensely proud of the progress we have achieved as a team and look forward to continuing this positive momentum in the new year.”