Markit makes public bow with double-digit revenue rise

Financial data provider Markit kicks off life as a publicly-listed company with a robust set of second-quarter results

Financial data provider Markit has kicked off life as a publicly-listed company with a robust set of second-quarter results and a target to maintain double-digit revenue growth via acquisitions.

The London-based group, which raised $1.3 billion in a late June float on Nasdaq, posted an 11% year-on-year increase in revenue during the second quarter, to a record $264.6 million. Adjusted earnings before interest, taxes, depreciation and amortisation, which took into account a one-off $31.3 million cost related to the IPO, were up 7.7% to $120 million.

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