Markit IPO Is Fifth Largest Of Year, Stock Rises
Markit’s strong market debut Thursday after its big IPO underscored the seemingly endless appetite for financial data. The profitable U.K.-based financial data services firm late Wednesday raised $1.28 billion, making it the fifth-largest U.S. IPO of 2014. Markit sold an upsized 53.5 million shares at 24, the midpoint of its range. The stock rose 11% to 26.70 in its first day. Markit (MRKT), known to the broader public for its