S&P Dow Jones Indices says Alibaba to be added to China-50 index

Reuters News
Posted: Sep 25, 2014 11:55 PM

HONG KONG (Reuters) - S&P Dow Jones Indices, which compiles several of the world's most widely tracked stock benchmarks, said on Friday Chinese e-commerce titan Alibaba Group Holding Ltd would be added to one of its indices after a fast-track analysis because of its record-sized IPO.

The company, whose initial public offering raised $25 billion to become the world's largest ever, will be added to the Dow Jones China Offshore 50 Index effective after the close of trading on Oct. 2, S&P Dow Jones Indices said in a statement.

S&P Dow Jones Indices previously said Alibaba would be screened for inclusion in the S&P China Broad Market Index (BMI), the S&P Emerging BMI and S&P Global BMI among others.

Fear and Loathing of Jordan Peterson
Suzanne Fields

(Reporting by Elzio Barreto; Editing by Jeremy Laurence)