Silvaco Announces Expected Addition to Three US Russell Indexes
Silvaco Group, Inc. (Nasdaq: SVCO), a provider of TCAD, EDA software, and SIP solutions, announced its expected addition to three US Russell indexes: the Russell 2000®, Russell 3000®, and Russell Microcap®. The inclusion is set to take effect on Monday, September 23, 2024, as part of the Russell indexes' planned third quarter IPO additions.
CEO Babak Taheri highlighted this as an important milestone, anticipating increased visibility and a broader shareholder base. The Russell indexes, widely used by investment managers and institutional investors, are known for their objective market-capitalization rankings and style attributes. As of December 2023, approximately $10.5 trillion in assets are benchmarked against Russell US indexes.
Silvaco Group, Inc. (Nasdaq: SVCO), fornitore di software TCAD, EDA e soluzioni SIP, ha annunciato la sua prevista inclusione in tre indici Russell statunitensi: il Russell 2000®, Russell 3000® e Russell Microcap®. L'inclusione entrerà in vigore lunedì 23 settembre 2024, come parte delle aggiunte IPO programmate per il terzo trimestre degli indici Russell.
Il CEO Babak Taheri ha sottolineato questo come un traguardo importante, prevedendo maggiore visibilità e una base di azionisti più ampia. Gli indici Russell, ampiamente utilizzati da gestori di investimenti e investitori istituzionali, sono noti per le loro classificazioni obiettive per capitalizzazione di mercato e attributi di stile. A dicembre 2023, circa $10,5 trilioni di attività sono indicizzati rispetto agli indici statunitensi Russell.
Silvaco Group, Inc. (Nasdaq: SVCO), un proveedor de software TCAD, EDA y soluciones SIP, anunció su prevista inclusión en tres índices Russell de EE. UU.: el Russell 2000®, Russell 3000® y Russell Microcap®. La inclusión entrará en vigor el lunes 23 de septiembre de 2024, como parte de las adiciones IPO planificadas para el tercer trimestre de los índices Russell.
El CEO Babak Taheri destacó esto como un hito importante, anticipando una mayor visibilidad y una base de accionistas más amplia. Los índices Russell, ampliamente utilizados por gestores de inversiones e inversores institucionales, son conocidos por sus clasificaciones objetivas de capitalización de mercado y atributos de estilo. A diciembre de 2023, aproximadamente $10.5 billones en activos están referenciados en relación con los índices Russell de EE. UU.
실바코 그룹, Inc. (Nasdaq: SVCO)는 TCAD, EDA 소프트웨어 및 SIP 솔루션 제공업체로서, 미국 러셀 지수 중 세 가지인 러셀 2000®, 러셀 3000® 및 러셀 마이크로캡®에 포함될 예정이라고 발표했습니다. 해당 포함은 2024년 9월 23일 월요일에 시행될 예정으로, 러셀 지수의 계획된 3분기 IPO 추가의 일환입니다.
CEO 바박 타헤리는 이를 중요한 이정표로 강조하며, 더 많은 가시성과 광범위한 주주 기반을 예상하고 있습니다. 러셀 지수는 투자 및 기관 투자자에 의해 널리 사용되며, 시장 자본화 순위와 스타일 속성에 대한 객관적인 평가로 알려져 있습니다. 2023년 12월 현재 약 $10.5 조 자산이 러셀 미국 지수를 기준으로 하고 있습니다.
Silvaco Group, Inc. (Nasdaq: SVCO), fournisseur de solutions TCAD, EDA et SIP, a annoncé son intégration prévue dans trois indices Russell américains : le Russell 2000®, Russell 3000® et Russell Microcap®. Cette intégration doit prendre effet le lundi 23 septembre 2024, dans le cadre des ajouts IPO programmés pour le troisième trimestre des indices Russell.
Le PDG Babak Taheri a mis en avant ce moment comme une étape importante, anticipant une visibilité accrue et une base d'actionnaires élargie. Les indices Russell, largement utilisés par les gestionnaires d'investissement et les investisseurs institutionnels, sont connus pour leurs classements de capitalisation boursière objectifs et leurs attributs de style. En décembre 2023, environ 10,5 billions de dollars d'actifs sont référencés par rapport aux indices Russell américains.
Silvaco Group, Inc. (Nasdaq: SVCO), Anbieter von TCAD-, EDA-Software und SIP-Lösungen, kündigte seine erwartete Aufnahme in drei US-Russell-Indizes an: den Russell 2000®, Russell 3000® und Russell Microcap®. Die Aufnahme soll am Montag, dem 23. September 2024, im Rahmen der geplanten IPO-Zugänge für das dritte Quartal der Russell-Indizes in Kraft treten.
CEO Babak Taheri hob dies als einen wichtigen Meilenstein hervor und erwartet eine erhöhte Sichtbarkeit und eine breitere Aktionärsbasis. Die Russell-Indizes, die von Investmentmanagern und institutionellen Investoren weit verbreitet genutzt werden, sind bekannt für ihre objektiven Marktkapitalisierungsrankings und Stilattribute. Bis Dezember 2023 sind etwa 10,5 Billionen US-Dollar an Vermögenswerten gegen die US-Russell-Indizes benchmarked.
- Expected addition to three prominent Russell indexes
- Potential for increased visibility to investors
- Opportunity to broaden shareholder base
- Access to approximately $10.5 trillion in benchmarked assets
- None.
Silvaco's inclusion in the Russell indexes is a positive development for the company's visibility and potential investor base. This move typically leads to increased passive investment inflows and broader institutional interest. However, it's important to note that index inclusion doesn't directly impact the company's fundamental value or operations.
The Russell 2000® and Russell 3000® are particularly significant, as they are widely followed by investors and fund managers. This inclusion suggests Silvaco has reached a market capitalization threshold that puts it on par with other small to mid-cap companies. For context, the Russell 2000® typically includes companies with market caps between
While this news is generally positive for visibility, investors should focus on Silvaco's financial performance, growth strategy and market position in the semiconductor software industry for a comprehensive investment thesis.
Silvaco's addition to these Russell indexes reflects its growing market presence in the semiconductor industry. The EDA (Electronic Design Automation) and TCAD (Technology Computer-Aided Design) markets are experiencing robust growth, driven by the increasing complexity of chip designs and the rise of AI applications.
This index inclusion could potentially amplify Silvaco's market visibility, possibly leading to:
- Increased trading volume and liquidity for SVCO stock
- Greater analyst coverage
- Enhanced ability to raise capital if needed
However, investors should note that while index inclusion can boost short-term demand for shares, long-term performance will still depend on Silvaco's ability to innovate and capture market share in the competitive semiconductor software landscape.
SANTA CLARA, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO, “Silvaco” or the “Company”), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, announced today that it will be added to the Russell 2000®, Russell 3000® and the Russell Microcap® indexes as part of the Russell indexes' planned third quarter IPO additions. Silvaco is scheduled to be added to these indexes effective Monday, September 23, 2024.
“Silvaco’s inclusion in these widely tracked Russell indexes represents another important milestone for our company,” said Babak Taheri, Silvaco’s Chief Executive Officer. “We look forward to the increased visibility this inclusion brings, which will enable us to broaden our shareholder base by reaching a wider range of passive and active investors, including ETFs and other institutional funds,” added Dr. Taheri.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. According to data as of the end of December 2023, approximately
About Silvaco
Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan.
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 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.
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 FTSE Russell.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the "safe harbor" provisions of those sections. These forward-looking statements include, but are not limited to, statements regarding the Company's expectations, beliefs, intentions, plans, or strategies, including statements about the anticipated inclusion of the Company in the Russell 2000®, Russell 3000®, and Russell Microcap® indexes; the expected effective date of this inclusion; potential benefits of such inclusion to the Company, its visibility, and its ability to attract a broader range of passive and active investors, including ETFs and institutional funds; and other statements that are not historical facts.
Forward-looking statements typically are identified by the use of words such as "anticipate," "expect," "plan," "intend," "believe," "estimate," "potential," "continue," "could," "would," "might," "seek," and similar expressions, although not all forward-looking statements contain these words. These statements are based on the Company's current expectations and assumptions and are subject to risks, uncertainties, and other factors, including changes in market conditions or changes in the Company's strategies or business plans, which may cause actual results to differ materially from those expressed or implied by these forward-looking statements.
Factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include, among others, the Company's ability to achieve the anticipated benefits of its inclusion in the Russell indexes, fluctuations in the market price of the Company's stock, and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, including its most recent Quarterly Report on Form 10-Q and its other filings from time to time. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Investor Contact:
Greg McNiff
investors@silvaco.com
Media Contact:
Tyler Weiland
press@silvaco.com
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