Credit Suisse First Boston (CSFB) and JP Morgan have won the mandate to lead the initial public offering (IPO) of MarketAxess, a multi-dealer credit trading platform operator.

The US market for technology IPOs is looking increasingly healthy. Last year technology companies raised $1.78bn (€1.3bn) in the US IPO market, according to Dealogic, the investment banking research firm. Between the first day of dealings to the end of last year IPOs in the sector rose by an average of 21.64%.