London-based Markit raises $1.3bn in New York IPO

UK financial data provider Markit has raised $1.3bn at its stock market debut in New York.

Markit’s shares were priced at $24, the midpoint of the $23 - $25 price range, valuing the company at around $4.3bn.

The company’s major stockholders include Bank of America, Deutsche Bank, Goldman Sachs and Temasek, the Singapore sovereign wealth fund.

Markit was founded in London by Lance Uggla in 2001 and the company employs more than 3,200 staff.

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