AvePoint Joins the Russell 3000®, Russell 2000® and Russell Microcap® Indexes

Rhea-AI Summary

AvePoint has joined the Russell 3000^®, Russell 2000^®, and Russell Microcap^® indexes, providing enhanced visibility and engagement within the institutional investor community. This inclusion follows nearly a year after its listing on Nasdaq. The Russell indexes encompass the largest US stocks and are significant benchmarks for investment strategies, with approximately $12 trillion in assets linked to them. The company aims to leverage this recognition to further its mission in SaaS and data management.

Positive

• Inclusion in Russell 3000, Russell 2000, and Russell Microcap indexes enhances visibility and credibility.
• Membership in the Russell indexes can lead to increased institutional investment and shareholder engagement.

Negative

• None.

JERSEY CITY, N.J., June 27, 2022 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management platform provider, as of market open today joined the Russell 3000^®, Russell 2000^® and Russell Microcap^® Indexes, which are widely used by investment managers and institutional investors for index funds, and as benchmarks for active investment strategies.

“AvePoint is pleased to be added to the Russell indexes nearly one year after our listing on Nasdaq,” said Dr. Tianyi Jiang (TJ), Co-Founder and CEO, AvePoint. “We look forward to the enhanced visibility, broader awareness and engagement with the institutional investor community our inclusion in these indexes will bring as we continue on our mission to enable organizations to collaborate with confidence in the modern workplace.”

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.

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 indexes reconstitution, visit the FTSE Russell website.

Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint's business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of AvePoint’s most recent Quarterly Report on Form 10-Q, its registration statement on Form S-1 and related prospectus and prospectus supplements, and in its subsequent filings made to the SEC. Copies of these and other documents filed by AvePoint from time to time are available on the SEC's website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations.

About AvePoint

Collaborate with confidence. AvePoint provides the most advanced platform for SaaS and data management to optimize SaaS operations and secure collaboration. More than 9 million cloud users rely on our solutions. Our SaaS solutions are also available to managed service providers via more than 100 cloud marketplaces, so they can better support and manage their small and mid-sized business customers. Founded in 2001, AvePoint is a five-time Global Microsoft Partner of the Year and headquartered in Jersey City, New Jersey. For more information, visit https://www.avepoint.com.

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 indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

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

Investor Contact
ICR for AvePoint
Marc P. Griffin
ir@avepoint.com
646-277-1290

Media Contact 
Nicole Caci 
AvePoint 
Nicole.caci@avepoint.com  
201-201-8143

FAQ

What does AvePoint's inclusion in the Russell 3000 index mean for investors?

AvePoint's addition to the Russell 3000 index enhances its visibility and credibility among institutional investors, potentially leading to increased investment.

When did AvePoint join the Russell indexes?

AvePoint joined the Russell indexes on June 27, 2022.

How much assets are benchmarked against Russell indexes?

Approximately $12 trillion in assets are benchmarked against Russell's US indexes.

What is the significance of the Russell 2000 index for AvePoint?

Inclusion in the Russell 2000 index positions AvePoint as a small-cap company, attracting specific institutional investors focused on small-cap stocks.

What is AvePoint's mission as highlighted in the press release?

AvePoint's mission is to enable organizations to collaborate with confidence in the modern workplace.