Nexxen Announced as a Preliminary Addition to the Russell 3000 Index
- Inclusion in Russell 3000 Index indicates growing market recognition and visibility
- Automatic inclusion in Russell 2000 Index provides additional market exposure
- Successful structural enhancement through ADR to Ordinary Shares conversion
- Strong execution and strategic shift demonstrated through index eligibility
- None.
Insights
Nexxen's addition to Russell indexes signals increased institutional visibility and potential passive fund inflows, reflecting successful corporate restructuring.
Nexxen's preliminary addition to the Russell 3000 Index represents a significant corporate milestone with tangible market implications. The inclusion, expected to be finalized on June 30, 2025, also guarantees automatic membership in the Russell 2000 small-cap index along with corresponding growth and value style indexes.
This development follows Nexxen's strategic corporate action in February 2025 when the company converted its Nasdaq-listed ADRs to Ordinary Shares and consolidated to a single U.S. listing structure. This restructuring appears to have been partly executed with index eligibility requirements in mind, demonstrating management's sophisticated capital markets strategy.
Index inclusion typically triggers mandatory purchasing by passive investment vehicles tracking these benchmarks, potentially creating near-term buying pressure. More importantly, Russell indexes serve as primary benchmarks for approximately
The Russell reconstitution represents one of the highest trading volume days annually on U.S. exchanges, and being added during this event typically increases a company's trading liquidity and institutional ownership profile. For Nexxen, this development legitimizes its market position and creates a structural foundation for potentially reduced volatility and improved valuation multiples over time as its shareholder base diversifies beyond retail investors to include more institutional holders.
Company expected to join the index following FTSE Russell’s annual reconstitution on June 27, 2025
NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced that it has been named a preliminary addition to the Russell 3000 Index, following the release of FTSE Russell’s list of 2025 index additions. Final inclusion is expected to take effect after the U.S. market opens on June 30, 2025, as part of the Russell indexes’ annual reconstitution, effective after market close on June 27, 2025.
Membership in the Russell 3000 Index also results in automatic inclusion in the small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes.
Nexxen’s inclusion marks another significant milestone, underscoring the Company’s execution, growth trajectory and expanding visibility among U.S. investors. The development follows structural enhancements made in February 2025, when Nexxen exchanged its former Nasdaq-listed ADRs for Ordinary Shares and streamlined to a single U.S. listing — a move the Company believes played a pivotal role in meeting the eligibility criteria for index inclusion.
“We are proud to be selected for inclusion in the Russell 3000 Index which represents a meaningful recognition of Nexxen’s momentum and the value we’re delivering to shareholders through strong execution and our strategic shift to a streamlined trading structure,” said Ofer Druker, Chief Executive Officer of Nexxen. “This milestone reflects the strength of our strategy, the power of our robust technology platform, and the growing impact we are having in shaping the global advertising technology ecosystem — made possible by our talented employees and the continued support of our stakeholders who believe in our journey.”
About Nexxen
Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in the ways that are most meaningful to them. Our flexible and unified technology stack comprises a demand-side platform (“DSP”) and supply-side platform (“SSP”), with the Nexxen Data Platform at its core. With streaming in our DNA, Nexxen’s robust capabilities span discovery, planning, activation, monetization, measurement and optimization – available individually or in combination – all designed to enable our partners to achieve their goals, no matter how far-reaching or hyper niche they may be.
Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe and Asia-Pacific, and is traded on Nasdaq (NEXN). For more information, visit www.nexxen.com.
For further information please contact:
Nexxen International Ltd.
Billy Eckert, Vice President of Investor Relations
ir@nexxen.com
Caroline Smith, Vice President of Communications
csmith@nexxen.com
Forward Looking Statements
This press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as “anticipates,” “believes,” “expects,” “intends,” “may,” “can,” “will,” “estimates,” and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding Nexxen being announced as a preliminary addition to the Russell 3000 Index and Russell 2000 Index, and anticipated benefits related to being included in the Russell 3000 Index and Russell 2000 Index, as well as any other statements related to Nexxen’s future financial results and operating performance. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen’s actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company’s most recent Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission (www.sec.gov) on March 5, 2025. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law.
Nexxen, and the Nexxen logo are trademarks of Nexxen International Ltd. in the United States and other countries. All other trademarks are the property of their respective owners. The use of the word “partner” or “partnership” in this press release does not mean a legal partner or legal partnership.
FAQ
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