Anchor BanCorp Wisconsin Inc. has been included on a preliminary list of quarterly initial public offering additions to four Russell indexes.
The parent company of Madison-based AnchorBank, which has 54 offices in Wisconsin, was included on the broad-market Russell Global, Russell 3000, Russell 2000 and Russell Microcap, effective on Dec. 19.
Russell’s U.S. indexes are reconstituted each June to include the 4,000 largest U.S. stocks as of the end of May, ranked by total market capitalization. Eligible IPOs are added on a quarterly basis throughout the year.
The company determines index membership based on objective market capitalization rankings and style attributes.