Strong demand for this IPO increased shares offered from 45.7 to 53.5 million, raising $1.28 billion in gross proceeds.
Markit LTD (MRKT)
from Dividend Lab
Let’s add 300-shares of Markit LTD (MRKT) at a price up to $34. This has a max cost of $10,200. We’ll use the starting price, to track, as we can put the order in prior to the start of trading.
Entry Price: Up to $34
Ideally, we should try to obtain the shares at general target prices of $25, $28, $31, $34. We may be able to obtain the shares at an attractive price as quite a few shares are being sold. Companies selling shares include JP Morgan, Bank of America, and Goldman Sachs. They want the cash and to exit their shares.
The company is a high-quality company in the financial sector. I have used some of their products and they are highly regarded. Revenues are growing in the low teens. 2014?s EPS should be about $1.25 per share.
ID Editor’s Note: Markit Ltd. focuses on providing financial information services to enhance transparency, reduce risk and improve operational efficiency in the financial markets. These include pricing, reference data, valuation and trading services used by back-office, traders, portfolio managers and other financial professionals. The company was incorporated in 2003 and is headquartered in London, the United Kingdom.
Todd Johnson, Dividend Lab, www.dividendlab.com, 505-514-0036, June 19, 2014