Freshworks to Join S&P SmallCap 600, Replacing BioLife Solutions

Dow Jones··US·Read original
2▲1 ▼1Impact / 5
Summary · why it matters

S&P Dow Jones Indices announced that Freshworks will be added to the S&P SmallCap 600, sending the business software provider's shares up 5.4% in pre-market trading. The index provider said Freshworks will join the benchmark under the Information Technology sector before the opening of trading on October 8, 2026, replacing BioLife Solutions Inc., which is being acquired by Repligen Corp. Benchmark additions often drive increased investor interest because passive mutual funds and exchange-traded funds tracking the index must adjust their portfolios to acquire the new constituent, potentially boosting trading liquidity and market visibility. Freshworks is up 20.6% since the beginning of the year and, at $13.99 per share, has set a new 52-week high. The stock has been very volatile, with 24 moves greater than 5% over the last year.

Impact on assets 3

Biotech & Genomic Medicine▼
BioLife Solutions Inc
BLFS
▼ NegativeCapitalrelevance

BioLife Solutions is being removed from the S&P SmallCap 600 as it is acquired by Repligen, an index-deletion event.

Repligen Corporation
RGEN
± MixedCapitalrelevance

Repligen is only mentioned as the acquirer of BioLife Solutions, the company being replaced in the index.

Artificial Intelligence▲
Freshworks Inc
FRSH
▲ PositiveCapitalrelevance

Freshworks will be added to the S&P SmallCap 600, an index-inclusion event that forces passive funds to buy the stock.