Update (4:15 p.m.): Updated with Thursday market close information.
The company priced its initial public offering of 53.5 million shares, increased from the expected 45.7 million shares, at $24 a share, the midpoint of the expected range of $23 to $25 a share. Markit, which has a market value of approximately $4.3 billion, raised $1.3 billion in the IPO.
The stock opened at $26.15 on Thursday and hit a high of $27.40 and a low of $26.06 for the day. It closed up 11.25%, or $2.70, to $26.70. More than 31.5 million shares changed hands.Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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