Vivid Seats Inc. , a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, is set to join the broad-market Russell 2000® and Russell 3000® Indexes at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, 2022, according to a preliminary list of additions posted June 3, 2022.
Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, 2022, 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.
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Stan Chia, Vivid Seats Chief Executive Officer stated, “We are pleased with the interest Vivid Seats has received from the investor community in such a short period since joining the public markets last October. The addition of Vivid Seats to the Russell indexes marks another milestone for Vivid Seats and we welcome the increased visibility as we build on our long-standing track record of growth, profitability and cash flow.”
Russell indexes are widely used by investment managers and institutional investors for inclusion in 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.
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