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Miami International Holdings Announces Pricing of Initial Public Offering
Prnewswireยท 2025-08-13 22:20
Company Overview - Miami International Holdings, Inc. (MIH) is a technology-driven leader in building and operating regulated financial markets across multiple asset classes [1][5] - MIH owns several exchanges including Miami International Securities Exchange (MIAX), MIAX PEARL, MIAX Emerald, MIAX Sapphire, MIAX Futures Exchange, MIAX Derivatives Exchange (MIAXdx), Dorman Trading, Bermuda Stock Exchange (BSX), and The International Stock Exchange (TISE) [5][6][8] Initial Public Offering (IPO) Details - MIH announced the pricing of its initial public offering of 15,000,000 shares at a price of $23.00 per share, which is $2.00 above the high end of the expected price range [1] - The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "MIAX" on August 14, 2025, with the offering expected to close around August 15, 2025 [1] - MIH has granted underwriters a 30-day option to purchase up to an additional 2,250,000 shares at the initial public offering price [1] Underwriters - J.P. Morgan, Morgan Stanley, and Piper Sandler are acting as lead joint bookrunning managers for the proposed offering [2] - Keefe, Bruyette & Woods, Inc., Raymond James, William Blair, and Rosenblatt are acting as joint bookrunning managers [2] Regulatory Information - A registration statement on Form S-1 relating to MIH's common stock was declared effective by the SEC on August 13, 2025 [4] - The offering of MIH's shares is being made only by means of a prospectus, which can be obtained for free from the SEC's website or through the underwriters [3]