Gambling.com Group to make Russell 3000 debut
Place in prestigious index comes just under a year after affiliate listed on the Nasdaq
Gambling.com Group is set to join the broad-market Russell 3000 Index.
The Russell 3000 Index measures the performance of the 4,000 largest PLCs, as of 6 May 2022, in the US and benchmarks the entire stock market, monitoring roughly 97% of the country’s publicly listed companies.
Gambling.com Group’s inclusion on the list comes at the culmination of the index’s annual reconstitution, when the US market opens on 27 June.
Inclusion in the index remains in place for one year and continues Gambling.com Group’s rapid rise in the US following launching its IPO on the Nasdaq in July of last year.
Charles Gillespie, CEO of Gambling.com Group, said: “After Gambling.com Group successfully completed its IPO last July, the inclusion of the Group’s shares in the Russell universe of indexes is a great honour.
“Our participation in these indices will bring the group – the first online gambling affiliate to be publicly traded in the United States – enhanced visibility within the American equity capital markets. The inclusion is an excellent milestone, which we hope will help drive increased liquidity and investor awareness of our unique equity story.”
Joining Gambling.com Group on the index are companies including dating app Bumble, communications platform Kaleyra and subscription software company Zoominfo.
The umbrella group FTSE Russell calculates thousands of indices in more than 70 markets covering 98% of the global investable market.
FTSE Russell is owned by the London Stock Exchange Group.
Gambling.com Group finished third in this year’s EGR Power Affiliates.