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NEW YORK, Sept. 28, 2021 /PRNewswire/ -- Sylvamo Corp. (NYSE: SLVM) will replace Stamps.com Inc. (NASD: STMP) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, October 4. S&P 500 constituent International Paper Co. (NYSE: IP) is spinning off Sylvamo in a transaction expected to be effective on October 1. Thoma Bravo is acquiring Stamps.com in a deal expected to be completed soon pending final conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
October 4, 2021 | S&P SmallCap 600 | Addition | Sylvamo | SLVM | Materials |
S&P SmallCap 600 | Deletion | Stamps.com | STMP | Consumer Discretionary |
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