Core Viewpoint - Urbana Corporation's investee company, Miami International Holdings Inc. (MIH), successfully completed an initial public offering (IPO) on the New York Stock Exchange (NYSE) [2][3] Group 1: IPO Details - MIH shares began trading on the NYSE on August 14, 2025, with an IPO price of US$23.00 per share [3] - The IPO raised a total of US$396,750,000 by issuing 15,000,000 shares, including an over-allotment option for an additional 2,250,000 shares [3] - MIH shares closed at US$31.12 on August 15, 2025, indicating a strong market performance post-IPO [3] Group 2: Urbana's Investment - Urbana owns 663,810 shares of MIAX, with an acquisition cost of CAD$12.3 million [4] - The market value of Urbana's MIAX shares was approximately CAD$28.5 million as of August 15, 2025, reflecting an unrealized gain of about CAD$16.2 million, or approximately 132% [4] Group 3: Company Background - Urbana Corporation is a diversified entity focusing on financial services, information services, and innovative technologies, aiming for income and capital appreciation through public and private investments [6] - Miami International Holdings, Inc. is a technology-driven leader in operating regulated financial markets across various asset classes, owning multiple exchanges including MIAX and the Bermuda Stock Exchange [7]
Urbana Corporation Announces the Recent Initial Public Offering of One of Its Investees
Globenewswireยท2025-08-18 16:52