BERKELEY, Calif., June 27, 2022 — Rigetti Computing, Inc. has announced that it will join the Russell 3000 Index. According to the final list of additions posted on June 24, 2022, the withdrawal is scheduled to end at the end of the annual 2022 rebuild of the Russell indices, which will take effect after the US market opens on June 27, 2022.
“Inclusion in the Russell 3000 Index is an exciting development as we work to showcase Rigetti’s pioneering role in the quantum computing industry,” said Chad Rigetti, Founder and CEO. “Just as classical computing has been a long-term driver of economic growth, we believe the same dynamics will apply to quantum computing in the coming years and decades. We move with purpose and conviction to advance our technology and integrate our quantum processors into the fabric of the cloud. We look forward to joining the index as a publicly traded company just one quarter after listing.”
FTSE Russell, a leading global index provider for investment managers and institutional investors, uses objective rankings of market capitalization and style characteristics to determine index membership. Nearly 70% of actively managed institutional equity assets are matched against a Russell US Index, and approximately $12 trillion in assets track the Russell US Indexes.
The Russell reconstruction takes place annually to ensure that the Russell US Indexes accurately reflect the current market situation. The Russell 3000 Index consists of the largest 3,000 publicly traded US companies.
More information on the Russell 3000 Index and the Russell Indices reconstitution can be found in the “Russell Reconstitution” section on the FTSE Russell website†
Rigetti is a pioneer in full-stack quantum computing. The company has been operating quantum computing over the cloud since 2017, serving global enterprises, governments and research clients through its Rigetti Quantum Cloud Services platform. The company’s proprietary quantum-classic infrastructure provides ultra-low-latency integration with public and private clouds for powerful, practical quantum computing. Rigetti has developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. The company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated manufacturing facility for quantum devices. Rigetti was founded in 2013 by Chad Rigetti and today employs more than 160 people with offices in the United States, the UK and Australia. More information on www.rigetti.com†
Source: Rigetti Computing, Inc.