Benzinga | Jun 28, 2021 04:05PM EDT

The Beauty Health Company Joins Russell 3000 And 2000 Indexes Effective June 28

The Beauty Health Company ((", BeautyHealth", or the ", Company", , NASDAQ:SKIN), a global category-creator leading the charge with its flagship brand HydraFacial, today announced that it has joined the broad-market Russell 3000(r) and the Russell 2000(r) Indexes, effective today, Monday, June 28, 2021 at market open, based on the final index membership lists, which are available on the FTSE Russell website.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000(r) Index, which remains in place for one year, automatically includes the Company in the large-cap Russell 1000(r) Index or the small-cap Russell 2000(r) Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Clint Carnell, BeautyHealth CEO, stated: "We are very pleased that BeautyHealth has been added to the Russell 3000(r) and 2000(r) Indexes, marking another milestone for the Company in the public markets. The inclusion of our Company in these indexes will further build investor awareness of our story as we continue to transform into a category-creating beauty health company. Our rapid global expansion and additional innovative products we are bringing to the market are expected to further our long-term growth plans."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000(r) Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.