Aurora Set to Join the Russell 3000® Index
May 30 2023 - 9:00AM
Business Wire
Aurora Innovation, Inc. (NASDAQ: AUR) announced today that as
part of the annual reconstitution of the Russell stock indexes,
Aurora is expected to be included in the Russell 3000® Index
effective after the U.S. market opens on June 26, 2023. A
preliminary list of index additions, including Aurora Innovation,
was posted by FTSE Russell on May 19, 2023.
"We are pleased to be included in the Russell 3000® Index, one
of the most widely cited performance benchmarks for the U.S. stock
market," said Chris Urmson, Co-Founder and CEO at Aurora. "This
milestone increases our global visibility, expands our investor
base, and highlights the momentum in our path to commercial
launch."
The Russell 3000® Index encompasses the 3,000 largest
U.S.-traded stocks and membership in the Russell 3000® Index means
automatic inclusion in the large-cap Russell 1000® Index or
small-cap Russell 2000® Index as well as in the appropriate growth
and value style indexes. Membership in these indexes is updated
annually and remains in place for one year.
The Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell's U.S. indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About Aurora
Aurora (Nasdaq: AUR) is delivering the benefits of self-driving
technology safely, quickly, and broadly to make transportation
safer, increasingly accessible, and more reliable and efficient
than ever before. The Aurora Driver is a self-driving system
designed to operate multiple vehicle types, from freight-hauling
trucks to ride-hailing passenger vehicles, and underpins Aurora
Horizon and Aurora Connect, its driver-as-a-service products for
trucking and ride-hailing. Aurora is working with industry leaders
across the transportation ecosystem, including Toyota, FedEx, Volvo
Trucks, PACCAR, Uber, Uber Freight, U.S. Xpress, Werner, Covenant,
Schneider, and Ryder. For Aurora’s latest news, visit aurora.tech
and @aurora_inno on Twitter.
Aurora Overview Aurora Press Kit
Aurora Cautionary Statement Regarding Forward-Looking
Statements
This Press Release contains certain forward-looking statements
within the meaning of the federal securities laws. All statements
contained in this press release that do not relate to matters of
historical fact should be considered forward-looking statements,
including but not limited to those statements around the
development and commercialization of Aurora’s products, and
Aurora’s anticipated inclusion in the Russell 3000® Index and the
timing of such inclusion. These statements are based on
management’s current assumptions and are neither promises nor
guarantees, but involve known and unknown risks, uncertainties and
other important factors that may cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. For factors that could cause actual
results to differ materially from the forward-looking statements in
this press release, please see the risks and uncertainties
identified under the heading “Risk Factors” section of Aurora’s
Quarterly Report on Form 10-Q for the quarter ended March 31, 2023,
filed with the SEC on May 4, 2023, and other documents filed by
Aurora from time to time with the SEC, which are accessible on the
SEC website at www.sec.gov. All forward-looking statements reflect
our beliefs and assumptions only as of the date of this press
release. Aurora undertakes no obligation to update forward-looking
statements to reflect future events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20230530005105/en/
Investor Relations: Stacy Feit ir@aurora.tech (323)
610-0847
Media: Jesse Caputo press@aurora.tech (516) 815-2836
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