Society Pass Incorporated (Nasdaq: “SOPA”) (“SoPa” or “the Comapny”), the leading Southeast Asian data-driven loyalty platform, today, announced that the company has been added to the Russell 2000 Index, effective at the open of U.S. markets on December 20, 2021 and according to the preliminary list of IPO additions to the Russell indexes.
Founder, Chairman and Chief Executive Officer of Society Pass, Dennis Nguyen said “Building on the momentum of our successful IPO, the inclusion of Society Pass to these highly regarded and widely used indexes will increase the visibility of our stock to the wider global investment community and attract new classes of investors to our register.”
Membership in the Russell 2000 Index, which remains in place until the next reconstitution, is based on membership in the broad-market Russell 3000 Index. The Russell US Indexes are commonly used as performance benchmarks, or as the basis for index-linked products including index tracking funds, derivatives, and Exchange Traded Funds (ETFs).
FTSE Russell is a global index leader that provides innovative benchmarking, analytics, and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98 percent of the investable market globally. According to FTSE Russell, a core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants.