Markit set for £4bn market list after 13 years of rapid growth

Ben Southwood
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FINANCIAL data provider Markit was yesterday testing the waters and talking to advisers about a float that would value the firm at above £4bn, according to reports.

The company, which carries out business surveys, and provides data on financial products such as bonds, commodities and credit default swaps, sees New York as the best option for a listing, according to Sky News’ Mark Kleinman.

But it has not decided on a listing at all, and would consider customers other than the public.

Chief executive Lance Uggla, former vice chair of TD securities and a London School of Economics graduate, founded Markit in 2001 in a barn at the bottom of its garden. It now employs over 2,500 staff, and has 16 offices across the world.