RPT-UPDATE 2-Financial information provider Markit's shares jump in debut
(Repeats to fix link to Breakingviews column. No changes to text.)
* Company valued at $4.83 billion at intra-day high
* Bank shareholders raised about $1 billion from the offering
* BofA, Barclays, Citigroup and Credit Suisse among lead underwriters
By Amrutha Gayathri
June 19 (Reuters) - Shares of Markit Ltd rose as much as 12.5 percent in their market debut, valuing the financial data provider at $4.83 billion and raising about $1 billion for its 12 bank shareholders.
Highlighting strong demand for the shares, the size of the offering was increased by 17 percent to 53.5 million shares. The offering was priced at $24 per share, the mid-point of the expected price range, raising $1.28 billion.
All shares were offered by selling shareholders, which include Wall Street's biggest banks such as Bank of America Corp , Goldman Sachs Group Inc and JPMorgan Chase & Co .
After the offering, the combined stake owned by the banks fell to 32.7 percent from 53.2 percent. The banks are expected to have raised as much as $1 billion from the offering. Continued...