Markit Ltd made its debut on the NASDAQ stock exchange on 19 June.Markit is a Bloomberg-like company,said CNBC host Jim Cramer.It's a very important company.General Atlantic,which owns a 7.5% stake in Markit,is not a seller on the deal-which means buy the stock.General Atlantic deals work.Markit is a very profitable company.CEO and co-founder Lance Uggla is brilliant and he's hitting it out of the park,Jim Cramer enthused.*
Founded in 2003,Markit provides financial information products to bankers,investment advisors and other financial professionals.The products include indices,pricing and reference data,customised technology platforms and processing solutions.They are aimed at enhancing transparency,reducing risk and improving operational efficiency.The London-based company employs 3,000 people in 10 countries.*
Markit stakeholder General Atlantic is a global growth equity firm,providing capital and strategic support for growth companies.It invested in Markit in 2010.*
Markit Ltd(MRKT)
No comments:
Post a Comment