Accuride Joins the Russell 2000 Index

The Accuride Corporation has announced that its stock has been added to the Russell 2000 Index. The annual reconstitution of Russell’s 21 US equity indexes captures the 3,000 largest US stocks, ranking them by market capitalization to create the broad market Russell 3000 Index. This year marks the 21st anniversary of Russell’s US indexes.

More than $2.5 trillion in assets are benchmarked to Russell indexes, including more than $450 billion invested in passive index funds that use them as a model. “We believe our inclusion by Russell is a further step of the continuing recognition of Accuride by the investment community following its recent IPO,” said Terry Keating, Accuride’s President and CEO.

At its IPO on 26 April 2005, Accuride offered 11 million shares of common stock at $9 per share, raising gross proceeds of $99 million.