Kubient, Inc. (“Kubient” or the “Company”), a cloud-based software platform for digital advertising, is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in 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 join the Russell Microcap® Index, as it will help expand our equity profile across the broader investment community,” said Kubient Founder, Chairman, CSO, and Interim CEO Paul Roberts. “This milestone marks an encouraging next step in our capital markets journey in conjunction with our growth trajectory on the business front. As we continue to onboard more qualified and accomplished team members and execute against our sales & go-to-market strategies, we are primed for a successful 2021 and beyond in our mission to transform the digital advertising industry to audience-based marketing.”
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.
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