Market Overview

Markit Raises $1.3 Billion, To Begin Trading Thursday

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Financial data powerhouse, Markit (NASDAQ: MRKT), is in high demand by investors.

Markit priced and upsized its IPO Wednesday night, raising $1.3 billion. An additional 17 percent of shares will be available to the market, for a total of 53.5 million. The offering priced right in the middle of the $23 to $25 range at $24.

The expected market value is about $4.3 billion, making this the largest IPO of the week.

Shares are likely to begin trading shortly after the regular session open.

Posted-In: MarkitNews IPOs


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