Tags: Markit | Raise | Billion | IPO

Markit Seeks to Raise $1.14 Billion in IPO

Tuesday, 03 June 2014 06:08 PM

Markit Ltd., the financial information company whose price data forms the basis for much of the global derivatives and bond markets, is seeking to raise as much as $1.14 billion in its U.S. initial public offering.

The firm, whose clients include banks, hedge funds, accounting firms, exchanges and central banks, intends to sell 45.7 million shares for $23 to $25 apiece, according to a regulatory filing Tuesday.

Markit, led by Chief Executive Officer Lance Uggla, competes with Bloomberg News parent Bloomberg LP in selling information and communications to the financial industry.

Markit plans to list its shares on the Nasdaq Stock Market under the symbol MRKT. Bank of America Corp., Barclays Plc, Citigroup Inc. and Credit Suisse Group AG are managing the offering, the filing shows.

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Markets
Markit Ltd., the financial information company whose price data forms the basis for much of the global derivatives and bond markets, is seeking to raise as much as $1.14 billion in its U.S. initial public offering.
Markit, Raise, Billion, IPO
126
2014-08-03
Tuesday, 03 June 2014 06:08 PM
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