Group added to Russell 3000® Index

Finance News Group is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, according to a preliminary list of additions posted by FTSE Russell on June 3, 2022.

The inclusion on the index will take effect after the U.S. market opens on June 27, 2022. The Group’s shares will also be automatically added to the appropriate growth and value indexes.

Annual reconstitution of the Russell indexes captures the 4,000 largest U.S. stocks as of May 6, 2022, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or in the small-cap Russell 2000® Index as well as the appropriate growth and value style indexes.

FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Solely on the basis of the preliminary market capitalization ranges published by FTSE Russell on May 6, 2022, the Group expects to be included in the following base indexes: Russell 3000®, Russell 2000®, Russell 2500, Russell Microcap® and the Russell 3000E, and potentially other additional growth and value style indexes as appropriate.

“After Group successfully completed its IPO last July, the inclusion of the Group’s shares in the Russell Universe of Indexes is a great honor,” said Charles Gillespie, Chief Executive Officer of Group. “Our participation in these indexes will bring the Group ⁠— the first online gambling affiliate to be publicly traded in the United States ⁠— enhanced visibility within the American equity capital markets. The inclusion is an excellent milestone for the Group, which we hope will help drive increased liquidity and investor awareness of our unique equity story.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.0 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.