Markit, the London-based financial data company, raised USD 1.3 billion in an IPO, pricing its shares at USD 24 in New York. It's now listed on the Nasdaq under the ticker symbol MRKT.

Saxo Bank’s Head of Equity Strategy Peter Garnry thinks Markit could be a "very attractive" investment. Firstly, he says the company has high profit margins, a good growth rate and its revenue model makes it very stable.Secondly, he adds Markit's valuation is good from an investment point of view as it’s priced just below the median of its peers in the financial information providers industry group. Thirdly, Peter says we have seen an “explosion” in derivatives trading and this trend will continue for the next 10 years meaning it would be interesting to get exposure to this company.

Markit, which was founded by Canadian Lance Uggla in 2001, has about 3,000 clients. Competitors include Bloomberg L.P., Thomson Reuters, FactSet and Interactive Data, which also sell financial data to clients.