- Reddit, Inc. (RDDT, Financial) will join the Russell 3000 Index on June 27, 2025.
- The inclusion comes as part of the 2025 Russell indexes reconstitution.
- Reddit may also be added to the Russell 2000 or Russell 1000 index.
Reddit, Inc. (RDDT) is set to be included in the Russell 3000 Index, effective at the close of business on June 27, 2025. This development is part of the annual reconstitution of the Russell indexes conducted by FTSE Russell. The inclusion highlights Reddit’s significant market presence and growth since its public debut in March 2024.
FTSE Russell, the global index provider, bases its index memberships primarily on market capitalization and style attributes. Reddit's addition to the Russell 3000 Index marks a significant milestone for the company, positioning it alongside some of the leading firms in the market. Steve Huffman, Co-Founder and CEO of Reddit, remarked that this inclusion is a testament to the strong platform built by its communities.
With a market cap of $19.93 billion and extensive community-driven content, Reddit remains a major player in the internet content and information sector. The company's shares, traded under the ticker RDDT, continue to draw attention from institutional investors, evidenced by an 83.46% ownership stake held by such entities.
Globally, approximately $10.6 trillion in assets are benchmarked against the Russell US indexes, underlining the significance of Reddit’s inclusion in these indexes. Investment managers and institutional investors widely use these benchmarks for index funds and active investment strategies. The reconstitution process by FTSE Russell decides the composition of these indexes, ensuring they reflect the current market dynamics.
