TAMPA, Fla., Dec. 19, 2016 /PRNewswire/ -- AquaVenture Holdings Limited ("AquaVenture") (NYSE: WAAS), a leader in Water-as-a-Service™ (WAAS™) solutions, today announced that it has been added to the Russell 2000®, Russell 3000®, and Russell Microcap Indexes, effective Friday, December 16, 2016, after market close.
"We are pleased with AquaVenture's addition to the Russell indices," said Doug Brown, AquaVenture's Chief Executive Officer. "This news comes less than three months after our successful IPO in October and will help increase AquaVenture's exposure in the investment community and broaden our shareholder base."
About FTSE Russell
Russell US Indexes are the leading US equity benchmarks for institutional investors. This broad range of US indexes allow investors to track current and historical market performance by specific size, investment style and other market characteristics. All Russell US Indexes are subsets of the Russell 3000® Index, which includes the well-known large cap Russell 1000® Index and small cap Russell 2000® Index. The Russell US Indexes are designed as the building blocks of a broad range of financial products, such as index tracking funds, derivatives and Exchange Traded Funds (ETFs), as well as being performance benchmarks.
Eligible initial public offerings (IPOs) are added to Russell indexes quarterly in accordance with the schedule in Section 4 of the Russell U.S Equity Indexes Construction and Methodology document version 2.2, published in August 2016. FTSE Russell adds IPOs each quarter to ensure that new additions to the institutional investing opportunity set are reflected in representative indexes. FTSE Russell focuses on IPOs each quarter because it is important to reflect market additions between reconstitution periods.
For more information on the FTSE Russell, go to the FTSE Russell website.
AquaVenture is a multinational provider of WAAS™ solutions that provide customers a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts that minimize capital investment by the customer. AquaVenture is composed of two operating platforms: Quench, a U.S.-based provider of Point-of-Use, or POU, filtered water systems and related services to approximately 40,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing 7 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.
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SOURCE AquaVenture Holdings Limited