In 1986, Morgan Stanley licensed the rights to the indexes from Capital International and branded the indexes as the Morgan Stanley Capital International (MSCI) indexes.[2] By the 1980s, the MSCI indexes were the primary benchmark indexes outside of the US before being joined by FTSE, Citibank, and Standard & Poor's.[3] After Dow Jones started float weighting its index funds, MSCI followed.[3] In 2004, MSCI acquired Barra, Inc., to form MSCI Barra.[4] In mid-2007, parent company Morgan Stanley decided to divest from, and perhaps spin off, MSCI.[5] This was followed by an initial public offering of a minority of stock in November 2007.[6] The divestment was completed in 2009.[7] The company is headquartered in New York City.[8]