Facebook to sign up for Nasdaq-100.

The California-based social media company will join this elite index on 12. 12, replacing Infosys, an Indian tech company that is moving its U. Azines. listing to the New york Stock Exchange.

The move just isn't exactly a surprise. The Nasdaq-100 includes this 100 largest non-financial securities trading in the market. And with a marketplace capitalization of around $30 billion, Facebook (FB) was next in line.

Facebook's ascension to blue-chip status wouldn't have been possible just a year ago. But Nasdaq made tip changes -- before Fb listed -- that shortened the "seasoning" period necessary for companies looking to sign up for its marquee indices.

Previously, companies were prohibited through joining the Nasdaq-100 until a two-year seasoning time was completed. In April, Nasdaq announced the that minimum waiting period had been shortened to only 11 weeks.

The changes were regarded as made specifically with Facebook in mind -- part of Nasdaq's strategy to woo the technology company.