Miami International Holdings Announces Launch of Initial Public Offering
Miami International Holdings (NYSE:MIAX), a technology-driven financial markets operator, has launched its Initial Public Offering (IPO) roadshow. The company plans to offer 15 million shares of common stock with an expected price range of $19 to $21 per share.
The underwriters will have a 30-day option to purchase up to an additional 2.25 million shares. The company has received approval to list on the NYSE under the symbol "MIAX". J.P. Morgan, Morgan Stanley, and Piper Sandler are serving as lead joint bookrunning managers, with several other firms acting as joint bookrunning managers.
Miami International Holdings (NYSE:MIAX), un operatore dei mercati finanziari guidato dalla tecnologia, ha avviato il suo roadshow per l'Offerta Pubblica Iniziale (IPO). La societ脿 prevede di offrire 15 milioni di azioni ordinarie con un prezzo stimato compreso tra 19 e 21 dollari per azione.
Gli underwriter avranno un'opzione di 30 giorni per acquistare fino a ulteriori 2,25 milioni di azioni. La societ脿 ha ottenuto l'approvazione per la quotazione al NYSE con il simbolo "MIAX". J.P. Morgan, Morgan Stanley e Piper Sandler sono i principali gestori congiunti del libro ordini, affiancati da diverse altre societ脿 come co-gestori congiunti.
Miami International Holdings (NYSE:MIAX), un operador de mercados financieros impulsado por la tecnolog铆a, ha iniciado su roadshow para la Oferta P煤blica Inicial (IPO). La compa帽铆a planea ofrecer 15 millones de acciones comunes con un rango de precio esperado de
Los suscriptores tendr谩n una opci贸n de 30 d铆as para comprar hasta 2.25 millones de acciones adicionales. La empresa ha recibido la aprobaci贸n para cotizar en el NYSE bajo el s铆mbolo "MIAX". J.P. Morgan, Morgan Stanley y Piper Sandler act煤an como gestores principales conjuntos del libro de 贸rdenes, junto con varias otras firmas que tambi茅n act煤an como gestores conjuntos.
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鞚胳垬鞚鸽摛鞚� 30鞚� 霃欖晥 斓滊寑 225毵� 欤�毳� 於旉皜搿� 毵れ瀰頃� 靾� 鞛堧姅 鞓奠厴鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 須岇偓電� "MIAX"霛茧姅 鞁臣搿� NYSE 靸侅灔 鞀轨澑鞚� 氚涭晿鞀惦媹雼�. J.P. Morgan, Morgan Stanley, Piper Sandler臧� 瓿惦彊 雽�響� 欤缄磤靷 彀胳棳頃橂┌ 鞐煬 雼るジ 須岇偓霌る弰 瓿惦彊 欤缄磤靷 頇滊彊頃橁碃 鞛堨姷雼堧嫟.
Miami International Holdings (NYSE:MIAX), un op茅rateur de march茅s financiers ax茅 sur la technologie, a lanc茅 sa tourn茅e de pr茅sentation pour son introduction en bourse (IPO). La soci茅t茅 pr茅voit d'offrir 15 millions d'actions ordinaires avec une fourchette de prix attendue entre 19 et 21 dollars par action.
Les souscripteurs disposeront d'une option de 30 jours pour acheter jusqu'脿 2,25 millions d'actions suppl茅mentaires. La soci茅t茅 a obtenu l'approbation pour 锚tre cot茅e au NYSE sous le symbole "MIAX". J.P. Morgan, Morgan Stanley et Piper Sandler sont les principaux gestionnaires conjoints du livre d'ordres, accompagn茅s de plusieurs autres soci茅t茅s agissant 茅galement comme co-gestionnaires.
Miami International Holdings (NYSE:MIAX), ein technologiegetriebener Betreiber von Finanzm盲rkten, hat seine Roadshow f眉r den B枚rsengang (IPO) gestartet. Das Unternehmen plant, 15 Millionen Stammaktien zu einem erwarteten Preisbereich von 19 bis 21 US-Dollar pro Aktie anzubieten.
Die Konsortialf眉hrer haben eine 30-t盲gige Option, bis zu 2,25 Millionen zus盲tzliche Aktien zu kaufen. Das Unternehmen hat die Zulassung erhalten, an der NYSE unter dem Symbol "MIAX" gelistet zu werden. J.P. Morgan, Morgan Stanley und Piper Sandler fungieren als leitende gemeinsame Bookrunner, unterst眉tzt von mehreren weiteren Firmen als gemeinsame Bookrunner.
- IPO could raise between $285-315 million at the proposed price range
- Additional $42.75-47.25 million possible from underwriters' option
- Strong underwriting team including major investment banks
- NYSE listing approval secured
- Potential dilution for existing shareholders
- Market timing risks amid current market conditions
- Competitive pressure in financial markets technology sector
Insights
Miami International Holdings launches IPO of 15M shares at $19-21 each, valuing offering at $285-315M before underwriter options.
Miami International Holdings (MIH) has initiated its IPO roadshow, offering 15 million shares with an expected price range of $19-21 per share. At the midpoint price of $20, this initial offering would raise approximately $300 million, with a potential additional $45 million if underwriters exercise their option to purchase 2.25 million additional shares.
The company has secured approval to list on the NYSE under the ticker symbol "MIAX". This offering represents a significant liquidity event for a company that has positioned itself as a technology-driven market infrastructure provider across multiple asset classes.
The IPO is backed by a strong consortium of underwriters led by J.P. Morgan, Morgan Stanley, and Piper Sandler, with additional support from Keefe Bruyette & Woods, Raymond James, William Blair, and Rosenblatt. This impressive lineup of financial institutions suggests substantial institutional interest in the offering.
MIH operates in the exchange technology space, a sector that has seen strong investor interest due to the combination of recurring revenue models, regulatory moats, and technology-driven margins. The company's decision to go public now indicates management's confidence in their growth trajectory and ability to withstand public market scrutiny.
While the registration statement has been filed with the SEC, it's not yet effective, meaning shares cannot be sold until final regulatory approval. The relatively tight price range suggests the company and underwriters have a clear view of investor appetite based on preliminary discussions.
J.P. Morgan, Morgan Stanley and Piper Sandler are acting as lead joint bookrunning managers for the proposed offering. Keefe, Bruyette & Woods, Inc., Raymond James, William Blair and Rosenblatt are acting as joint bookrunning managers.
The proposed offering of MIH's shares of common stock will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering may be obtained for free by visiting EDGAR on the
A registration statement on Form S-1 relating to MIH's common stock has been filed with the SEC but has not yet become effective. The shares of common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.
About MIAX
MIAX's parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX庐), MIAX PEARL, LLC (MIAX Pearl庐), MIAX Emerald, LLC (MIAX Emerald庐), MIAX Sapphire LLC (MIAX Sapphire鈩�), MIAX Futures Exchange, LLC (MIAX Futures鈩�), MIAX Derivatives Exchange (MIAXdx鈩�), Dorman Trading, LLC (Dorman Trading), The Bermuda Stock Exchange (BSX) and The International Stock Exchange (TISE).
MIAX, MIAX Pearl, MIAX Emerald and MIAX Sapphire are national securities exchanges registered with the Securities and Exchange Commission that are enabled by MIAX's in-house built, proprietary technology. MIAX offers trading of options on all four exchanges as well as cash equities through MIAX Pearl Equities鈩�.聽
MIAX Futures is a registered exchange with the Commodity Futures Trading Commission (CFTC) and enabled by MIAX's in-house built, proprietary technology. MIAX Futures offers trading in a variety of products including Minneapolis Hard Red Spring Wheat Futures.
MIAXdx is a CFTC regulated exchange and clearinghouse and is registered as a DCM and DCO with the CFTC.
Dorman Trading is a full-service Futures Commission Merchant registered with the CFTC.
BSX is a fully electronic, vertically integrated international securities market headquartered in
TISE provides financial markets and securities services to public and private companies and lists high yield bonds, structured finance products, investment funds and
Media Contact:
Andy Nybo, SVP, Chief Communications Officer
[email protected]
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