PubMatic to join Russell 2000® and Russell 3000® Indexes

NO-HEADQUARTERS / REDWOOD CITY, Calif., June 21, 2022 (GLOBE NEWSWIRE) – PubMatic (Nasdaq: PUBM), the independent technology company delivering digital advertising supply chain of the future, today announced that it will join the broad-market Russell 3000 and the small-cap Russell 2000 Indexes to the conclusion of the 2022 Russell index’s annual reconstitution, effective after the US market opens on June 27, 2022.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or 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.

“The inclusion of PubMatic in the Russell 2000 and 3000 Indexes, representing the largest public companies in the US measured by market capitalization, is a significant milestone for PubMatic and our employees. Our inclusion is a testament to our market share expansion over the last several years and our strong track record of both revenue growth and GAAP profitability, ”said Rajeev Goel, co-founder and CEO of PubMatic.

Russell indexes are widely used by investment managers and institutional investors. Approximately $ 12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 2000® and 3000® Index and the Russell indexes reconstitution, to the “Russell Reconstitution” section on the FTSE Russell website.

About PubMatic
PubMatic (Nasdaq: PUBM) is the independent technology company maximizing customer value by delivering digital advertising’s supply chain of the future. PubMatic’s sell-side platform empowers the world’s leading digital content creators to control their inventory and increase monetization by enabling marketers to drive return on investment and reach addressable audiences across ad formats and devices. Since 2006, our infrastructure-driven approach has allowed for efficient processing and utilization of data in real time. By delivering scalable and flexible programmatic innovation, we have improved outcomes for our customers while championing a vibrant and transparent digital advertising supply chain.

About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of benchmarks and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell expertise and products are widely used by institutional and retail investors globally. Approximately $ 20 trillion most recently benchmarked to FTSE Russell indexes. For more than 30 years, FTSE Russell Bank indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A common set of principles and guidelines FTSE Russell is focused on applying the highest industry standards in design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on improving its breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit
www.ftserussell.com.

Investors:
The Blueshirt Group for PubMatic
[email protected]

Press Contact:
Broadsheet Communications for PubMatic
[email protected]

.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker