Super Group Limited, the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, announced that it has been added to the Russell 2000 Index.
Super Group was officially added to the Russell 2000 Index as part of the annual reconstitution of the entire family of Russell indexes that took place after the close of trading on Friday, June 23, 2023. In addition to the Russell 2000 Index, Super Group will automatically be included in the Russell 3000 Index.
“We are excited to join the Russell 2000 Index. We believe that this milestone as a public company will enhance our profile with investors as we work towards optimizing our global footprint in the online sports betting and gaming industries while maintaining our profitability,” Neal Menashe, Chief Executive Officer of Super Group, said.
Each year, FTSE Russell performs a reconstitution process for its indexes, resulting in the ranking by market capitalization of the 4000 largest US stocks. Russell indexes are utilized by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.
