Rockley Photonics Holdings Limited, a global leader in photonics-based health monitoring and communications solutions, announced that it is set to join the broad-market Russell 3000 Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, 2022, according to a preliminary list of additions posted June 3, 2022.
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“We are pleased to announce our inclusion in the Russell index. Being included in the index will expand the visibility of Rockley as we gain more recognition as a public company”
The Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 6, 2022, ranking them by total market capitalization. Inclusion in the U.S. all-cap Russell 3000® Index remains in place for one year. Companies included in this index are automatically included 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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“We are pleased to announce our inclusion in the Russell index. Being included in the index will expand the visibility of Rockley as we gain more recognition as a public company,” said Dr. Andrew Rickman, chairman and chief executive officer of Rockley. “The inclusion in the index not only enhances our visibility within the broader market, but it also raises our profile in the wearables market, where we continue to make great strides in commercializing our biosensing platform, which we believe will profoundly change healthcare by providing a holistic view of a person’s health.”
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 U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
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