Monday, May 4, 2015Monday, May 4, 2015

Markit IPO may value company at about $5.6 bln

Published on Jun 4, 2014 9:33 AM

(Reuters) - Financial information service provider Markit said it expected its IPO to be priced at US$23-US$25 per share, which could value the company at up to US$4.47 billion (S$5.6 billion).

The company, which competes with Bloomberg and Thomson Reuters Corp , said selling shareholders, including certain employees and members of the management, were offering 45.7 million common shares.

The IPO could raise as much as US$1.14 billion.

The company intends to list its common stock on the Nasdaq under the symbol "MRKT".

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!