Business
Allbirds Announces Inclusion in the Russell 3000® Index
SAN FRANCISCO, June 24, 2022 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with naturally derived materials to
About this update from Allbirds, Inc.
[{"type":"text","content":"SAN FRANCISCO, June 24, 2022 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, 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 on June 3, 2022. Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 6, ranking them by total market capitalization. Membership in the U.S. 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 be included in the Russell 3000®, which represents a meaningful milestone for Allbirds. This achievement is the result of the hard work our team puts in every day as we strive to reverse climate change through better business by empowering people to make better, more conscious decisions for themselves, as well as the planet. Allbirds’ inclusion in the Russell indexes so soon after the completion of our November 2021 IPO is an important step in our public company journey, and we believe this recognition will allow us to further broaden our reach within the investment community as we continue to focus on building long-term shareholder value,” said Joey Zwillinger, Co-Founder and Co-CEO of Allbirds. 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. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website. About Allbirds, Inc. Headquartered in San Francisco, Allbirds is a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better w...