Offerpad Joins Russell 2000® and Russell 3000® Indexes

Rhea-AI Summary

Offerpad Solutions Inc. (NYSE: OPAD) has officially joined the Russell 2000® and Russell 3000® Indexes. This milestone comes just seven years after the company's founding and less than a year following its public listing. Brian Bair, Chairman and CEO, expressed gratitude for investors' support and emphasized the company's commitment to delivering long-term value. The Russell indexes are significant benchmarks used by investment managers and institutional investors, with approximately $12 trillion in assets linked to these indexes.

Positive

• Inclusion in the Russell 2000® and Russell 3000® Indexes is a significant achievement for Offerpad.
• The company has gained investor interest and engagement since becoming public.

Negative

• None.

CHANDLER, Ariz.--(BUSINESS WIRE)-- Offerpad Solutions Inc. (NYSE: OPAD) (“Offerpad”), a leading tech-enabled platform for residential real estate, announced the company has joined the broad-market Russell 2000® and Russell 3000® Indexes effective today.

“Membership in the Russell indexes only seven years since founding Offerpad and less than a year after becoming a public company is a great milestone. We appreciate the interest and engagement we have experienced from investors in the early days as a public company and we look forward to continuing to share our strategy to deliver long-term value going forward,” said Brian Bair, Offerpad’s Chairman and Chief Executive Officer.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell's US indexes.

More information on the Russell indexes reconstitution can be found on the “Russell Reconstitution” section on the FTSE Russell website.

About Offerpad

Offerpad’s mission is to deliver your best way to buy and sell a home so you can spend less time ‘real estat-ing’ and more time living. From cash offers and flexible listing options to mortgages and buyer services, Offerpad has been helping homeowners since 2015. We pair our local expertise in residential real estate with proprietary technology to put you in control of the process and help find the right solution that fits your needs. Visit Offerpad.com for more information.

#OPAD_IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20220627005708/en/

Investors

Stefanie Layton

Investors@offerpad.com

602-706-4905

Media

Laura Collins

480-220-0021

Press@offerpad.com

Source: Offerpad

FAQ

What is the significance of Offerpad joining the Russell 2000® Index?

Joining the Russell 2000® Index is a significant milestone for Offerpad, indicating increased investor interest and potential for more institutional investments.

When did Offerpad Solutions Inc. become part of the Russell indexes?

Offerpad became part of the Russell indexes effective today, shortly after becoming a public company.

What is the ticker symbol for Offerpad Solutions Inc.?

The ticker symbol for Offerpad Solutions Inc. is OPAD.

How much assets are benchmarked against Russell's US indexes?

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

Who is the CEO of Offerpad Solutions Inc.?

The CEO of Offerpad Solutions Inc. is Brian Bair.