Interactive Brokers to replace Walgreens in S&P 500, shares up
Shares of trading platform Interactive Brokers IBKR.O rise 4.7% to $65.7 premarket after co set to join S&P 500 index .SPX, effective before markets open on August 28
IBKR replaces Walgreens Boots Alliance WBA.O in the S&P 500, S&P Dow Jones Indices says
J.P.Morgan analysts estimate S&P 500 indexer demand for IBKR shares to be 55.6 mln
WBA is being taken private by Sycamore Partners in a $10 bln deal announced in March
IBKR moves up from the S&P 400 Mid Cap Index .IDX, utility Talen Energy TLN.O to take IBKR's place
Pipeline operator Kinetik KNTK.N joins the S&P 600 Small Cap Index in place of TLN
As of last close, IBKR shares up more than 42% YTD with a market cap of $106.7 bln
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