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Exclusive: Msci Global Indices May Include Alibaba After Investor Queries

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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An employee sits next to a logo of Alibaba during a media tour organised by government officials at the company's headquarters on the outskirts of HangzhouStock index provider MSCI Inc is considering changing its rules to allow shares of Alibaba Group Holding [iPO-BABA.N] and other companies that list their shares in faraway markets to be included in its widely used indexes. The investors argued that MSCI's ignoring stocks such as Alibaba prevents them from accurately tracking the performance of international companies, according to sources involved in the discussions, who wished to remain anonymous because they are not permitted to speak to the media. Alibaba, a Chinese online retailer, plans to sell some $24 billion worth of shares next week on the New York Stock Exchange in a listing that could be the biggest ever IPO. Because Alibaba is not listed anywhere in Asia and is listing in New York, it would be excluded from big MSCI indexes.




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