Markit, a leading global diversified provider of financial information services, yesterday 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.
Copies of the preliminary prospectus related to the offering may be obtained from:
— BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department, or by e-mailing: dg.prospectus_requests@baml.com
— Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: +1 (888) 603-5847 or by e-mailing: Barclaysprospectus@broadridge.com
— Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: +1 (800) 831-9146
— Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, telephone: +1 (800) 221-1037, or by emailing: newyork.prospectus@credit-suisse.com
— Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, telephone: +1 (800) 503-4611, or by emailing: prospectus.CPDG@db.com
— Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: +1 (866) 471-2526, facsimile: +1 (212) 902-9316, or by emailing: prospectus-ny@ny.email.gs.com
— HSBC Securities (USA) Inc., Attention: Prospectus Department, 452 Fifth Avenue, New York, NY 10018, telephone: +1 (877) 429-7459, or by emailing: ny.equity.syndicate@us.hsbc.com
— J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, telephone: +1 (866) 803-9204
— Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department, telephone: +1 (866) 718-1649, or by emailing: prospectus@morganstanley.com
— UBS Investment Bank, 299 Park Avenue, New York, NY 10171, Attention: Prospectus Department, telephone: +1 (877) 827-7275
FTSE Mondo Visione Exchanges Index:
Markit Commences Initial Offering Of Common Stock
Date 04/06/2014