** Shares of Angi Inc ANGI.O up 4.3% to $17.14 before the bell as home services marketplace poised to join S&P SmallCap 600 index .SPCY next week
** ANGI to replace ODP Corp ODP.O in the SPCY prior to market open on Weds., Apr 2, the S&P Dow Jones Indices announced late Weds
** Media/internet firm IAC IAC.O set to spin off its majority stake in ANGI
** Office Depot and OfficeMax owner ODP's market cap is "no longer representative of the small-cap market space," S&P Dow Jones Indices said
** ODP shares down 2% at $14.52 on very thin premarket trading
** Angi currently has ~50 mln shares outstanding for ~$821 mln market cap, LSEG data shows
** Through Weds close, ANGI shares have lost roughly ~40% over the past 12 months
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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