NEW YORK, June 09, 2017 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that MercadoLibre, Inc. (Nasdaq: MELI), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) prior to market open on Monday, June 19, 2017. MercadoLibre, Inc. will replace Yahoo! Inc. (Nasdaq: YHOO) which is being removed as a result of their conversion to a closed-end fund.
MercadoLibre, Inc. is headquartered in Buenos Aires, Argentina, and has a market capitalization of approximately $12.4 billion. For more information about the company, go to www.mercadolibre.com.
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