That Newsmax Inc. (NYSE:NMAX) has been added to the U.S. small-cap Russell 2000 Index and the broader mid-cap Russell 3000 Index, providing the company with increased visibility within the institutional investor community, is exciting indeed, Mark Elenowitz, managing director of Digital Offering, said Tuesday. 

Elenowitz’s firm successfully completed Newsmax’s pre-IPO and IPO earlier this year, raising $300 million.

“I’m a shareholder, so I was really excited yesterday with the news that Newsmax has joined the Russell 2000 and 3000,” Elenowitz said in an interview on the network’s “Wake Up America.”

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