Despegar Added to Russell Equity Indexes
July 01 2024 - 8:30AM
Business Wire
Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the
“Company”), Latin America’s leading travel technology company,
today announced that, as part of the annual reconstitution of the
Russell equity indexes, the Company has been added to the Russell
2000® Index and the broad-market Russell 3000® Index, effective at
the open of the U.S. equity markets on July 1, 2024.
Damian Scokin, Despegar´s CEO, said, “We are pleased to have
earned inclusion in Russell stock indexes, among the most widely
used benchmarks for small-cap stocks, validating the focused
execution of our growth and capital allocation strategies. Joining
the Russell stock indexes is another significant milestone for
Despegar, as we continue to leverage our top-tier technology
platform, scale, brand strength and local expertise to consolidate
Latin America’s fast-growing travel market.”
Membership in the Russell 3000® Index means automatic inclusion
in the Russell 2000® or large-cap Russell 1000® Index subject to
market capitalization, as well as in related growth and value style
indexes. The Russell 3000® also serves as the U.S. Component to the
Russell Global Index®. The Russell 3000® Index encompasses the
3,000 largest U.S. traded stocks by objective market-capitalization
rankings and style attributes. 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 as benchmarks for active investment
strategies. Its indexes are also used by institutions, such as
mutual fund companies, to create index funds. As of May 2024,
approximately US$ 9.1 trillion in assets were 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 indexes and the recent
annual reconstitution of them, visit the “Russell Reconstitution”
section on the FTSE Russell website.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. We base these forward-looking statements on our current
beliefs, expectations and projections about future events and
trends affecting our business and our market. Many important
factors could cause our actual results to differ substantially from
those anticipated in our forward-looking statements.
Forward-looking statements are not guarantees of future
performance. Forward-looking statements speak only as of the date
they are made, and we undertake no obligation to update publicly or
to revise any forward-looking statements. New risks and
uncertainties emerge from time to time, and it is not possible for
us to predict all risks and uncertainties that could have an impact
on the forward-looking statements contained in this press release.
The words “believe,” “may,” “should,” “aim,” “estimate,”
“continue,” “anticipate,” “intend,” “will,” “expect” and similar
words are intended to identify forward-looking statements.
Forward-looking statements include information concerning our
possible or assumed future results of operations, business
strategies, capital expenditures, financing plans, competitive
position, industry environment, potential growth opportunities, the
effects of future regulation and the effects of competition.
Considering these limitations, you should not make any investment
decision in reliance on forward-looking statements contained in
this press release.
About Despegar.com
Despegar is the leading travel technology company in Latin
America. For over two decades, it has revolutionized the tourism
industry in the region through technology. With its continuous
commitment to the development of the sector, Despegar today is
comprised of a consolidated group that includes Despegar, Decolar,
Best Day, Viajes Falabella, Viajanet Stays and Koin, and has become
one of the largest travel companies in Latin America.
Despegar operates in 19 countries in the region, accompanying
Latin Americans from the moment they dream of traveling until they
share their memories. With the purpose of improving people's lives
and transforming the shopping experience, Despegar has developed
alternative payment and financing methods, democratizing the access
to consumption and bringing Latin Americans closer to their next
travel experience. Despegar’s common shares are traded on the New
York Stock Exchange (NYSE: DESP). For more information, visit
Despegar’s Investor Relations website
https://investor.despegar.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20240701748542/en/
IR Contact Luca Pfeifer Investor Relations Phone: (+1)
305 481 1785 E-mail: luca.pfeifer@despegar.com
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