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Ferrovial joins Nasdaq 100, cements U.S. market milestone and visibility

Spanish infrastructure group Ferrovial said it will be added to the Nasdaq 100 index, a step the company says will broaden its investor base and support its U.S. growth plans. The inclusion becomes effective before market open on December 22, 2025, making Ferrovial the first IBEX 35 component to trade its ordinary shares on Nasdaq.

Sarah Chen3 min read
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Ferrovial joins Nasdaq 100, cements U.S. market milestone and visibility
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Ferrovial announced on December 13, 2025 that it has been added to the Nasdaq 100 index, following its U.S. listing in May 2024. The inclusion will take effect prior to the market open on Monday December 22, 2025, the company said in a release distributed from Amsterdam via PR Newswire at 04:31 Eastern Time. Ferrovial’s own newsroom carries a related document dated December 12, 2025 and linked media assets include a downloadable PDF of 0.19 MB and a JPG image of 0.57 MB.

The move marks a notable step in Ferrovial’s international strategy. The company pointed to its U.S. listing last year as the start of a broader push into American capital markets and said the Nasdaq 100 addition arrived one and a half years after that initial U.S. listing. Ferrovial emphasized the symbolic importance of being the first IBEX 35 index component to trade ordinary shares on Nasdaq, framing the admission as greater access to U.S. and global investors.

Company materials linked the index action directly to capital market strategy and pipeline execution, saying the inclusion “highlights the strength of our distinctive integrated business model in delivering essential infrastructure.” The release added that the development “enhances our visibility with U.S. and global investors, broadens our shareholder base, and reflects market confidence in our ability to develop high-value projects that drive economic growth and help the communities where we operate thrive.” Ferrovial also stated it is “committed to executing our growth strategy, investing in the U.S.”

From a market structure perspective, index inclusion typically brings practical consequences. Passive funds and exchange traded funds that track the Nasdaq 100 will adjust holdings to reflect the new constituent, a process that increases demand and can boost liquidity in the short term. For a company listed on multiple exchanges, added weight in a large cap growth index like the Nasdaq 100 can reshape the investor mix toward U.S. institutional and retail holders that favor Nasdaq benchmark exposure.

AI generated illustration
AI-generated illustration

Longer term, the listing and index admission are likely intended to lower Ferrovial’s cost of capital in the U.S. and to ease access to liquidity for large infrastructure projects. The company’s public emphasis on U.S. investment aligns with broader trends of transatlantic firms seeking deeper presence in American markets to finance capital intensive development. At the same time, macroeconomic headwinds such as interest rate volatility and construction cost pressures will remain determinants of project returns and the real value of any market driven financing advantage.

The inclusion will be monitored by index funds and market participants in the run up to December 22, when adjustments by passive managers are expected to finalize. For Ferrovial, the Nasdaq 100 listing represents both a market recognition and a strategic lever as the company pursues an expanded U.S. footprint and an international shareholder base.

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