Life360 Set to Join Russell 2000® and 3000® Indexes
Life360, Inc. (NASDAQ: LIF) has announced its inclusion in the Russell 2000® and Russell 3000® Indexes, effective September 23, 2024. This addition is part of the quarterly Russell US Index initial public offering (IPO) updates. CEO Chris Hulls views this as a key achievement reflecting the company's growth and progress as a public entity.
The Russell indexes, widely used by investment managers and institutional investors, benchmark approximately $12 trillion in assets. Life360's inclusion in these indexes is expected to increase its exposure to investors. The company, known for its family connection and safety solutions, will remain in the U.S. Russell 3000® Index for one year, with automatic inclusion in the small-cap Russell 2000® Index and appropriate growth and value style indexes.
Life360, Inc. (NASDAQ: LIF) ha annunciato la sua inclusione negli Indici Russell 2000® e Russell 3000®, a partire dal 23 settembre 2024. Questa aggiunta fa parte degli aggiornamenti trimestrali sulle offerte pubbliche iniziali (IPO) degli indici Russell degli Stati Uniti. Il CEO Chris Hulls considera questo un risultato chiave che riflette la crescita e i progressi dell'azienda come entità pubblica.
Gli indici Russell, ampiamente utilizzati dai gestori di investimenti e dagli investitori istituzionali, rappresentano circa $12 trilioni in attivi. L'inclusione di Life360 in questi indici dovrebbe aumentare la sua visibilità tra gli investitori. L'azienda, nota per le sue soluzioni di connessione familiare e sicurezza, rimarrà nell'Indice Russell 3000® degli Stati Uniti per un anno, con inclusione automatica nell'Indice Russell 2000® a piccola capitalizzazione e nei relativi indici di crescita e valore.
Life360, Inc. (NASDAQ: LIF) ha anunciado su inclusión en los Índices Russell 2000® y Russell 3000®, que entrará en vigor el 23 de septiembre de 2024. Esta incorporación es parte de las actualizaciones trimestrales de las ofertas públicas iniciales (IPO) de los índices Russell de EE. UU. El CEO Chris Hulls ve esto como un logro clave que refleja el crecimiento y el progreso de la empresa como entidad pública.
Los índices Russell, ampliamente utilizados por gestores de inversiones e inversores institucionales, benchmarkean aproximadamente $12 billones en activos. Se espera que la inclusión de Life360 en estos índices aumente su exposición a los inversores. La compañía, conocida por sus soluciones de conexión familiar y seguridad, permanecerá en el Índice Russell 3000® de EE. UU. durante un año, con inclusión automática en el Índice Russell 2000® de pequeña capitalización y en los índices de estilo de crecimiento y valor adecuados.
Life360, Inc. (NASDAQ: LIF)는 Russell 2000® 및 Russell 3000® 지수에 포함되었음을 발표했으며, 이는 2024년 9월 23일부터 효력이 발생합니다. 이번 추가는 Russell 미국 지수의 분기별 공모(IPO) 업데이트의 일환입니다. CEO Chris Hulls는 이를 회사의 성장과 공적 존재로서의 발전을 반영하는 주요 성과로 보고 있습니다.
Russell 지수는 투자 관리자와 기관 투자자들이 널리 사용하며, 약 $12 조 자산을 기준으로 합니다. Life360의 이러한 지수 포함은 투자자들에게 노출을 증가시킬 것으로 예상됩니다. 가족 연결 및 안전 솔루션으로 유명한 이 회사는 미국 Russell 3000® 지수에 1년 동안 유지되며, 자동으로 소형주 Russell 2000® 지수 및 적합한 성장 및 가치 스타일 지수에 포함됩니다.
Life360, Inc. (NASDAQ: LIF) a annoncé son inclusion dans les Indices Russell 2000® et Russell 3000®, à compter du 23 septembre 2024. Cette addition fait partie des mises à jour trimestrielles des offres publiques initiales (IPO) des indices Russell aux États-Unis. Le PDG Chris Hulls considère cela comme une réalisation clé qui reflète la croissance et les progrès de l'entreprise en tant qu'entité publique.
Les indices Russell, largement utilisés par les gestionnaires d'investissements et les investisseurs institutionnels, servent de référence pour environ $12 trillions d'actifs. L'inclusion de Life360 dans ces indices devrait augmenter sa visibilité auprès des investisseurs. L'entreprise, connue pour ses solutions de connexion familiale et de sécurité, restera dans l'Indice Russell 3000® des États-Unis pendant un an, avec une inclusion automatique dans l'Indice Russell 2000® de petite capitalisation et dans les indices de croissance et de valeur appropriés.
Life360, Inc. (NASDAQ: LIF) hat seine Aufnahme in die Russell 2000® und Russell 3000® Indizes bekannt gegeben, die am 23. September 2024 wirksam wird. Diese Ergänzung ist Teil der vierteljährlichen IPO-Updates (Börsengänge) der Russell US-Indizes. CEO Chris Hulls betrachtet dies als eine schlüsselige Errungenschaft, die das Wachstum und den Fortschritt des Unternehmens als öffentliches Unternehmen widerspiegelt.
Die Russell-Indizes, die von Anlageverwaltern und institutionellen Investoren weithin verwendet werden, benchmarken etwa $12 Billionen an Vermögenswerten. Die Aufnahme von Life360 in diese Indizes wird voraussichtlich die Exposition gegenüber Investoren erhöhen. Das Unternehmen, das für seine Lösungen zur Familienverbindung und -sicherheit bekannt ist, wird ein Jahr lang im US Russell 3000® Index verbleiben, mit automatischer Aufnahme in den kleinen Russell 2000® Index sowie in geeignete Wachstums- und Wertindizes.
- Inclusion in Russell 2000® and Russell 3000® Indexes, potentially increasing investor visibility
- Recognition of company growth and progress as a public entity
- Automatic inclusion in additional growth and value style indexes
- None.
Insights
Life360's inclusion in the Russell 2000® and 3000® Indexes is a significant milestone for the company. This development could potentially increase visibility and liquidity for LIF stock, as many institutional investors and index funds tracking these benchmarks will now include it in their portfolios. The Russell indexes, with
However, it's important to note that index inclusion doesn't directly impact the company's fundamentals or financial performance. While it may lead to increased trading volume and potentially smoother price movements, investors should focus on Life360's actual business metrics and growth prospects when making investment decisions. The stock's performance will ultimately depend on the company's ability to execute its family safety and connection strategy in a competitive market.
Life360's addition to these prestigious indexes reflects its growing market presence in the family safety and connection sector. This inclusion could serve as a validation of the company's business model and market potential. The family safety app market is experiencing rapid growth, driven by increasing concerns about personal and family security in the digital age.
For investors, this development signals that Life360 has reached a certain level of market capitalization and liquidity to qualify for these indexes. It's worth monitoring how this increased visibility might affect Life360's user acquisition and retention rates, as well as its competitive position against other players in the space. The company's ability to capitalize on this heightened attention and translate it into sustainable growth will be important for long-term success.
SAN FRANCISCO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Life360, Inc. (NASDAQ: LIF), the leading family connection and safety company, today announced that it will join the Russell 2000® and the Russell 3000® Indexes as part of the quarterly Russell US Index initial public offering (IPO) additions, effective after the U.S. market opens on September 23, 2024.
“The addition of Life360 to the Russell 2000 and 3000 Indexes is a key achievement and a testament to our continued growth and progress as a public company,” said Chris Hulls, co-founder and CEO of Life360. “We are excited to join the notable companies in the Russell 2000 and 3000 portfolios and look forward to the increased exposure to investors of our vision to provide a comprehensive solution to staying connected and protecting what matters most to families.”
Membership in the U.S. Russell 3000® Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes.
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 2000® and 3000® Indexes and the Russell indexes quarterly updates for IPOs, go to https://www.lseg.com/en/ftse-russell/russell-reconstitution/ipo-additions.
About Life360
Life360, a family connection and safety company, keeps people close to the ones they love. The category-leading mobile app and Tile tracking devices empower members to stay connected to the people, pets, and things they care about most, with a range of services including location sharing, safe driver reports, and crash detection with emergency dispatch. As a remote-first company based in the San Francisco Bay Area, Life360 serves approximately 70 million monthly active users (MAU), as of June 2024, across more than 150 countries. Life360 delivers peace of mind and enhances everyday family life in all the moments that matter, big and small. For more information, please visit life360.com. (NASDAQ: LIF) (ASX: 360)
About FTSE Russell
FTSE Russell is a leading global provider of benchmarking, analytics, and data solutions for investors, giving them a precise view of the market relevant to their investment process. A comprehensive range of reliable and accurate indexes provides investors worldwide with the tools they require to measure and benchmark markets across asset classes, styles, or strategies.
FTSE Russell Index expertise and products are used extensively by institutional and retail investors globally. For over 40 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.
FTSE Russell is focused on applying the highest industry standards in index design and governance, employing transparent rules-based methodology informed by independent committees of leading market participants. FTSE Russell fully embraces the IOSCO Principles, and its Statement of Compliance has received independent assurance. Index innovation is driven by client needs and customer partnerships, allowing FTSE Russell to continually enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit https://www.lseg.com/en/ftse-russell.
FAQ
When will Life360 (LIF) join the Russell 2000® and 3000® Indexes?
What is the significance of Life360 joining the Russell Indexes?
How long will Life360 remain in the Russell 3000® Index?
What other indexes will Life360 be included in as a result of joining the Russell 3000®?
