DoubleVerify Set to Join Russell 3000® Index
DoubleVerify (NYSE: DV) is set to join the Russell 3000® Index effective June 28, following the annual reconstitution of the index. This inclusion signifies a major milestone shortly after its IPO in April 2021. The Russell 3000® Index encompasses the largest US stocks and offers enhanced exposure to investors and clients. As CEO Mark Zagorski noted, this membership can boost DoubleVerify's presence within the investment community. Approximately $10.6 trillion in assets are benchmarked against the Russell indexes, underscoring their significance in the market.
- Inclusion in Russell 3000® Index enhances visibility among investors.
- Significant milestone shortly after IPO in April 2021.
- None.
DoubleVerify (“DV”) (NYSE: DV), a leading software platform for digital media measurement, data and analytics, is set to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted earlier this month.
Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7, 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.
“We are honored to earn an inclusion in the Russell indexes shortly after our IPO in April, as this represents another key milestone for DoubleVerify,” said Mark Zagorski, CEO of DoubleVerify. “We are confident that this will increase our exposure to investors, partners and clients as we continue to focus on our mission to create a stronger, safer and more secure digital advertising ecosystem. We look forward to further engaging with the investment community and introducing our high-growth story to a broader audience.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About DoubleVerify
DoubleVerify is a leading software platform for digital media measurement and analytics. Our mission is to make the digital advertising ecosystem stronger, safer and more secure, thereby preserving the fair value exchange between buyers and sellers of digital media. Hundreds of Fortune 500 advertisers employ our unbiased data and analytics to drive campaign quality and effectiveness, and to maximize return on their digital advertising investments – globally.
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
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately
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.
Forward-Looking Statements:
This press release includes “forward-looking statements,” including with respect to the initial public offering. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210624005956/en/
FAQ
When will DoubleVerify join the Russell 3000® Index?
What is the significance of DoubleVerify joining the Russell 3000® Index?
How does the Russell 3000® Index affect investment strategies?
What assets are benchmarked against the Russell indexes?
Why did DoubleVerify mention their IPO in the press release?
