The financial services data provider will now seek to raise up to $1.14bn from its flotation, with several banks set to reap nine-figure returns.

UK-based financial services data company Markit has set the range for its forthcoming initial public offering on Nasdaq between $23.00 and $25.00 per share, and could raise up to $1.14bn when it goes public.

Markit will issue just over 45.7 million shares, with the upper end of the range markedly higher than the initial target of $750m, set when the company originally filed for the offering in early May.

Although General Atlantic Partners and Esta Investments, Markit’s two largest shareholders…