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Markit commences IPO

04 June 2014  |  1086 views  |  0 Source: Markit

Markit, a leading global diversified provider of financial information services, today announced the commencement of its initial public offering.

Certain selling shareholders intend to sell 45,707,965 common shares in the offering. The initial public offering price is currently expected to be between $23.00 and $25.00 per common share.

The underwriters will have a 30-day option to purchase up to an additional 6,856,195 common shares from certain of the selling shareholders. The Company itself is not selling any shares and will not receive any proceeds from the proposed offering.

BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., HSBC, J.P. Morgan, Morgan Stanley, UBS Investment Bank, BNP Paribas, Jefferies, RBC Capital Markets, RBS and TD Securities are acting as joint book-running managers for the IPO.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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