eXp Realty’s holding company, eXp World Holdings is now part of the Russell 2000 Index.
From the press release:
eXp World Holdings, Inc. (NASDAQ: EXPI), the holding company for eXp Realty and eXp World Technologies, today announced that the company’s common stock was added to the Russell 2000 Index after the market closed on Friday, June 28, 2019.
“We are pleased to join the Russell 2000 Index, which represents the next step in the evolution of our company from a visibility perspective,” said Glenn Sanford, CEO, Chairman and Founder of eXp World Holdings. “Inclusion in the Index is a reflection of the strong growth, execution and performance that characterizes eXp World Holdings.”
The Russell 2000 is a capitalization weighted index that measures the performance of the 2000 largest publicly held companies in the United States. FTSE Russell, a leading global index provider, determines membership for its equity indices primarily by objective, market-capitalization rankings and style attributes.
Indexes provided by FTSE Russell are widely used by investment professionals for index funds and as benchmarks for investment strategies. Approximately $9 trillion in assets are currently benchmarked to FTSE Russell US Indexes.
Learn more about the Russell 200 Index or read the full press release here: eXp World Holdings Joins the Russell 2000 Index.