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.
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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 $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
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