Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE:FRGE), a leading private securities marketplace, today announced that it has been added as a member of the U.S. Small-Cap Russell 2000® Index (the “Russell 2000® Index”), as part of the 2023 Russell U.S. Index’s annual reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index.
“Forge’s inclusion in the Russell 2000® Index is particularly timely as we continue to drive value to institutional investors, including through our first index – the Forge Private Market Index,” said Kelly Rodriques, CEO of Forge. “We believe inclusion in this iconic index strengthens our position as an industry leader. We look forward to increasing our visibility within the institutional investor community – through our index, our data and as a proxy to private market performance, as we continue to deliver on our long-term vision to create an accessible, transparent and liquid private market.”
Forge is a leading provider of marketplace infrastructure, data services and technology solutions for private market participants. By combining a leading trading platform and operating expertise, Forge enables private company shareholders to trade private company shares with accredited investors. Forge helps provide additional transparency, access and solutions that companies as well as institutional and accredited investors can use to confidently navigate and efficiently transact in the private markets.
The annual reconstitution of the broad-market Russell Indexes captures the 4,000 largest U.S. stocks, ranking them by total market capitalization. Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell Indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
