Financial-data provider Markit (MRKT) raises $1.3B after boosting the size of its offering to 53.5M shares from 45.7M, reports the WSJ, with the pricing of $24 at the midpoint of the expected range. The deal values the company at $4.3B.
And who are we buying our Markit stock from? Wall Street's biggest banks - including BofA, Citigroup, Deutsche Bank, and Goldman - were the main sellers. The key buyer is the Canada Pension Plan Investment Board which expects to buy $450M worth of stock.