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Interactive Data swap puts Credit Suisse and Goldman in play

The decision to ditch financial data firm's float in favour of a sale spells disappointment for most, but not all of the investment banks linked to the listing

The decision to ditch Interactive Data's listing and instead sell it outright to Intercontinental Exchange has spelled disappointment for most, but not all of the investment banks linked to the financial data provider's flotation.

The Intercontinental Exchange, the owner the New York Stock Exchange, confirmed its agreement to buy the financial data provider from its private equity owners Silver Lake and Warburg Pincus for $5.2 billion on October 26. The move came just weeks after Interactive Data had filed for an IPO with the US Securities and Exchange Commission.

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