- Neonode Inc. (NASDAQ: NEON) to join the Russell 2000 Index on June 30, 2025.
- Approximately $10.6 trillion in assets are benchmarked against Russell US indexes.
- The inclusion boosts Neonode's visibility among institutional investors.
Neonode Inc. (NASDAQ: NEON), a leader in touch technology and optical sensing solutions, will officially join the Russell 2000 Index, effective June 30, 2025. The inclusion comes as part of the annual reconstitution of the renowned index, managed by FTSE Russell. This milestone marks a significant step for Neonode, which has been listed on NASDAQ since 2012 under the ticker symbol NEON.
The addition to the Russell 2000 Index is not only expected to provide enhanced visibility among institutional investors but also attract passive fund investments. As of June 2024, approximately $10.6 trillion in assets are benchmarked against Russell US indexes, underscoring the significance of Neonode's inclusion in the broader market.
Along with the Russell 2000, Neonode will also enter the Russell 3000 Index and the corresponding growth and value indexes, providing further opportunities for exposure and investment. The automatic nature of index fund investments means that Neonode's stock may experience increased trading volume as funds adjust to maintain accurate index tracking.
According to Daniel Alexus, President and CEO of Neonode, this development provides an opportunity to further communicate the company's progress and ambitions of innovation leadership and sustainable growth to a wider audience, ultimately solidifying its position in the competitive technology sector.
