Thursday, June 10, 2021 8:10:37 AM
June 10 2021 - 08:00AM, PR Newswire (US)
NEW YORK, June 10, 2021 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX), driving the sustainability transformation with solutions that shape the future of e-mobility and fintech, today announced it is set to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution. According to a preliminary list of additions posted on June 4, this will take effect after the US market opens on June 28.
The 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.
"Joining the Russell indexes enables Ideanomics to extend its reach into the institutional shareholder community where we believe our story is going to resonate extremely well. Our ability to derive revenues from the EV industry in the short, medium and long-term, sets us apart from many others in the sector, while our fintech group provides consistent results and spotlights our value to shareholders both today and tomorrow," said Ideanomics CEO Alf Poor. "We plan to utilize our inclusion in the Russell indexes as a platform to grow shareholder awareness which, with our team is executing our plans, delivering on commitments, and driving growth across our businesses, helping us stand out as a stock with breakout potential in an otherwise frothy market."
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.
For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.
For more information and news on Ideanomics, visit https://ideanomics.com.
Recent IDEX News
- Catharina Eklof appointed as Chief Executive Officer of IDEX Biometrics • GlobeNewswire Inc. • 08/19/2024 06:50:00 AM
- IDEX Biometrics and TaluCard bring inclusive biometric payment solutions to market in Europe • GlobeNewswire Inc. • 08/14/2024 06:15:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/10/2024 08:01:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 08:32:50 PM
- Ideanomics Announces Receipt of Notice from Nasdaq Regarding Listing Delinquency • GlobeNewswire Inc. • 07/02/2024 09:00:00 PM
- IDEX Biometrics secures repeat order for IDEX Access from AuthenTrend for new markets • GlobeNewswire Inc. • 06/20/2024 06:10:00 AM
- Ideanomics, Inc. Reports Q4 and Full Year 2023 Financial Results • GlobeNewswire Inc. • 06/18/2024 09:05:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 09:27:00 PM
- Ideanomics Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q • GlobeNewswire Inc. • 05/24/2024 09:00:00 PM
- Energica and Electra Forge Partnership to Revolutionize the Two-Wheel Electric Vehicle Experience • GlobeNewswire Inc. • 05/23/2024 04:30:00 PM
- Energica and Electra Forge R&D Partnership to Revolutionize the Two-Wheel Electric Vehicle Experience • Business Wire • 05/23/2024 03:50:00 PM
- Form NT 10-Q/A - Notification of inability to timely file Form 10-Q or 10-QSB: [Amend] • Edgar (US Regulatory) • 05/16/2024 09:27:52 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 09:20:52 PM
- IDEX Biometrics is bringing biometric cards to market with large smart card manufacturer in South Asia • GlobeNewswire Inc. • 05/08/2024 07:30:00 AM
- Ideanomics Announces Receipt of Notice from Nasdaq Regarding Listing Rule 5250(f) • GlobeNewswire Inc. • 04/27/2024 01:27:07 AM
- Ideanomics Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-K • GlobeNewswire Inc. • 04/24/2024 09:30:00 PM
- Mutual Trust Bank launches biometric cards with IDEX Biometrics in Bangladesh • GlobeNewswire Inc. • 04/02/2024 06:54:00 AM
- Solectrac Announces Strategic Reorganization to Further Amplify Electrification Efforts and Enhance Customer Support • GlobeNewswire Inc. • 03/27/2024 12:00:00 PM
- Ideanomics Announces Fourth-Quarter and Full-Year 2023 Earnings Call Details • GlobeNewswire Inc. • 03/25/2024 11:56:49 AM
- DenizBank launches biometric payment cards in Turkey based on IDEX Pay • GlobeNewswire Inc. • 03/18/2024 10:30:00 AM
- Turkish bank launches biometric payment cards based on IDEX Pay • GlobeNewswire Inc. • 03/18/2024 08:01:45 AM
- IDEX Biometrics receives IDEX Access production order from Sentry Enterprises • GlobeNewswire Inc. • 03/15/2024 07:30:00 AM
- WAVE Charging Appoints Macy Neshati as General Manager to Spearhead Expansion and Scale • GlobeNewswire Inc. • 03/11/2024 11:58:29 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/08/2024 10:13:57 PM
- IDEX Biometrics and UK fintech to launch biometric cards for payment accessibility • GlobeNewswire Inc. • 03/01/2024 08:30:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM