Pixar Animation Studios – Apple CEO Steve Jobs’ other company – has announced it will trade on the Nasdaq-100 Index.

Shares in the animation studio – which is behind Academy Award-winning animations Toy Story, Monsters, Inc and a Bug's Life, and Golden Globe-winner Toy Story 2 – will be available from December 23, 2002.

Nasdaq is composed of the 100 largest non-financial stocks listed on the Nasdaq Stock Market, based on market capitalization that is calculated by multiplying the number of shares in existence by the price per share.

Jobs said: "We are thrilled to join the Nasdaq-100. This is an important milestone in Pixar's 16-year history, and reflects the talent, hard work and dedication of our entire team."

The animation studios’ flotation on the Nasdaq follows the company’s announcement last month that record DVD sales of film Monsters, Inc had increased revenues by 600 per cent in its third quarter.

Pixar posted a profit of $46.9 million, or 87 cents per diluted share, for the quarter ending September 28, compared with $6.2million, or 12 cents, for the year-ago quarter, the company's largest quarterly return to date.