PubMatic to join Russell 2000® and Russell 3000® Indexes

Rhea-AI Summary

PubMatic (Nasdaq: PUBM) announced its inclusion in the Russell 3000 and Russell 2000 Indexes, effective June 27, 2022. This recognition reflects PubMatic's growth and profitability, positioning the company among the largest public firms in the US based on market capitalization. The Russell indexes, which benchmark approximately $12 trillion in assets, are critical for investment strategies. CEO Rajeev Goel highlighted this as a significant milestone that underscores the company’s market share expansion and revenue growth over recent years.

Positive

• Inclusion in Russell 3000 and 2000 Indexes indicates strong market performance.
• Reflects significant growth in market share and GAAP profitability.

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• None.

NO-HEADQUARTERS/REDWOOD CITY, Calif., June 21, 2022 (GLOBE NEWSWIRE) -- PubMatic (Nasdaq: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, today announced it will join the broad-market Russell 3000 and the small-cap Russell 2000 Indexes at 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, which represents 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 for index funds and as benchmarks for active investment strategies. 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, go to the “Russell Reconstitution” section on the FTSE Russell website.

About PubMatic
PubMatic (Nasdaq: PUBM) is an 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 across the open internet to control access to 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 the efficient processing and utilization of data in real time. By delivering scalable and flexible programmatic innovation, we improve 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 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.

Investors:
The Blueshirt Group for PubMatic
investors@pubmatic.com

Press Contact:
Broadsheet Communications for PubMatic
pubmaticteam@broadsheetcomms.com

FAQ

What does PubMatic's inclusion in the Russell 3000 and 2000 Indexes mean?

It signifies that PubMatic is among the largest public companies in the US based on market capitalization, enhancing its visibility to investors.

When will PubMatic be added to the Russell Indexes?

PubMatic will be included in the Russell 3000 and Russell 2000 Indexes effective June 27, 2022.

How does the Russell Index reconstitution affect investors?

Russell Indexes are benchmarks for approximately $12 trillion in assets, making inclusion beneficial for attracting institutional investors.

What is PubMatic's stock symbol?

PubMatic's stock symbol is PUBM.