Financial data provider Markit files for a $750 million IPO


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Markit, which provides financial information, valuations and trade processing services, filed on Monday with the SEC to raise up to $750 million in an initial public offering. The London, United Kingdom-based company, which was founded in 2003 and booked $948 million in sales for the fiscal year ended December 31, 2013, has not yet chosen an exchange or a ticker symbol. Markit initially filed confidentially on January 27, 2014. BofA Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.

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This article appears in: News Headlines , IPOs

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