Longfin Corp. Joins Russell 2000® Index and Russell 3000® Index
22 Março 2018 - 9:30AM
Longfin Corp. (“Longfin” or the “Company”) (LFIN), a global FinTech
company, has announced that it has been added to the Russell 2000®
Index and the Russell 3000® Index, effective March 16, 2018, as
part of Russell’s quarterly additions of companies with recent
initial public
offerings. Russell
indices are widely used by investment managers and institutional
investors for both index funds and as benchmarks for passive and
active investment strategies in the U.S. marketplace.
The Russell 3000® Index measures the performance of the largest
3,000 U.S. companies, representing approximately 98% of the
investable U.S. equity market. The Russell 2000® Index measures
performance of the small-cap segment of the U.S. equity market and
is a subset of the Russell 3000® Index.
Venkat S Meenavalli, Chairman and CEO of Longfin, says "We are
pleased that Longfin is included in the Russell 2000® Index. We
believe that this inclusion reflects the stockholder value we are
building and will help increase Longfin's visibility within the
investment community.”
About Longfin Corp.
Longfin Corp (LFIN) is a US-based, global Fintech company
powered by artificial intelligence (AI) and machine learning. The
Company, through its wholly-owned subsidiary, Longfin Tradex Pte.
Ltd, delivers FX and alternative finance solutions to
importers/exporters and SME’s. Ziddu.com owned by the company is
the only marketplace for smart contracts powered by Consensus
Settlement Algorithm on Ethereum blockchain. Ziddu Ethereum ERC20
blockchain Token uses a technology stack in which Smart Contracts
run in distributed virtual machines, which in turn run on a
Consensus Settlement Algorithm (CSA) providing solutions to
warehouse / international trade financing, micro-lending, FX OTC
derivatives, bullion finance, and structured products. Currently,
the company has operations in Singapore, Dubai, New York and
India.
IR Contact:
Dragon Gate Investment Partners LLCTel: +1(646)-801-2803Email:
lfin@dgipl.com
LongFin (CE) (USOTC:LFIN)
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