Russell 3000 Index to Add 48 IPOs; Quarterly Additions Enhance Market Representation of Index.
TACOMA, Wash. -- Forty-eight recent initial public offerings (IPOs) are slated for inclusion in the broad-market Russell 3000(R) Index after the close of the U.S. equity markets on Sept. 30. Three of these IPOs--Dresser-Rand Group, KKR KKR Korringa-Kohn-Rostoker (method)
KKR Kohlberg, Kravis & Roberts & Co.
KKR Kalkara (postal locality, Malta)
KKR Kramers-Kronig Relations
KKR Komarappa Gounder Ramalingam (hospital in India) Financial Corp., and Refco--also will go directly into the large-cap Russell 1000(R) Index. The others, including Ruth's Chris Steak House Ruth's Chris Steak House (NASDAQ: RUTH) is a chain of 106 steakhouses across the United States and in several international locations. The restaurant is regarded as an upscale fine dining establishment, marking a gradual elevation in its status since its founding and Maidenform Brands, will join the small-cap Russell 2000(R) Index.
The list of IPOs set for addition to the Russell 3000 includes 13 firms in the Financial Services sector and nine in the Consumer Discretionary sector. Only four IPOs are slated for the Technology sector.
In addition, 43 IPOs will be added to the Russell Microcap(TM) Index.
The names of IPOs set for inclusion in the Russell 3000, Russell 2000, Russell 1000 and Russell Microcap are posted at www.russell.com/US/Indexes/US/IPOs.
Inclusion in the various indexes is determined by market capitalization Market Capitalization
A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Russell also weights index members by their float-adjusted market capitalization and explicitly excludes "locked-up" shares from IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. weights. As IPOs are added to Russell indexes Russell Indexes
US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington. each quarter, Russell does not delete existing index members to make room for them, but fully reconstitutes the indexes annually at the end of the second quarter.
Russell Investment Group Russell Investment Group is an investment firm with global reach, providing investment products and services to individuals and institutions in 44 countries. A pioneer in multi-manager investing, and the creator of Russell Indexes, Russell manages more than US$200 billion in assets , a global leader in multi-manager investment services, provides investment products and services in more than 35 countries. Russell manages more than $136 billion in assets and advises clients worldwide representing more than $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.
Russell Investment Group is a registered trade name of Frank Russell Company, a Washington, USA corporation, which operates through subsidiaries worldwide. Frank Russell Company is a subsidiary of The Northwestern Mutual Life Insurance Company.