Business
AvePoint Joins the Russell 3000®, Russell 2000® and Russell Microcap® Indexes
JERSEY CITY, N.J., June 27, 2022 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management platform provider, as of market open
About this update from Avepoint, Inc.
[{"type":"text","content":"JERSEY CITY, N.J., June 27, 2022 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management platform provider, as of market open today joined the Russell 3000®, Russell 2000® and Russell Microcap® Indexes, which are widely used by investment managers and institutional investors for index funds, and as benchmarks for active investment strategies. “AvePoint is pleased to be added to the Russell indexes nearly one year after our listing on Nasdaq,” said Dr. Tianyi Jiang (TJ), Co-Founder and CEO, AvePoint. “We look forward to the enhanced visibility, broader awareness and engagement with the institutional investor community our inclusion in these indexes will bring as we continue on our mission to enable organizations to collaborate with confidence in the modern workplace.” Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, 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. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell indexes reconstitution, visit the FTSE Russell website. Forward Looking StatementsThis press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words \"believe,\" \"project,\" \"expect,\" \"anticipate,\" \"estimate,\" \"intend,\" \"strategy,\" \"future,\" \"opportunity,\" \"plan,\" \"may,\" \"should,\" \"will,\" \"would,\" \"will be,\" \"will continue,\" \"will likely result,\" and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectati...