Miami International Holdings IPO prices above high end of expected range

[Wooden blocks with the word IPO and virtual stock graph. Initial Public Offering or stock launch concept.]
fadfebrian

Miami International Holdings' (NYSE:MIAX [https://seekingalpha.com/symbol/MIAX]) initial public offering of 15M shares priced at $23.00 per share, or $2.00 above the high end of its expected range of $19.00-$21.00 per share, late Wednesday.

The owner of regulated financial markets is offering all 15M shares, indicating the IPO will raise gross proceeds of $345M. The company plans to use part of its net proceeds to fully repay outstanding debt under its 2029 senior secured loan agreement. As of June 30, 2025, it had $140M outstanding under the agreement. MIAX plans [https://www.sec.gov/Archives/edgar/data/1438472/000162828025037294/miamiinternationalholdings.htm#i67dda10808974ebb803bf0b7eef17538_49] to use the rest of the proceeds for working capital and general corporate purposes.

The shares are expected to start trading on the New York Stock Exchange under the ticker symbol "MIAX" on Thursday, Aug. 14, and the offering is expected to close on or about Aug. 15, 2025, the company said [https://www.miaxglobal.com/news/miami-international-holdings-announces-pricing-initial-public-offering].

Miami International Holdings builds and operates regulated financial markets across multiple asset classes and owns Miami International Securities Exchange, multiple MIAX exchanges, The Bermuda Stock Exchange, and The International Stock Exchange.

MORE ON MIAMI INTERNATIONAL HOLDINGS, INC.

* Miami International Starts $100 Million US IPO Effort [https://seekingalpha.com/article/4803075-miami-international-starts-100-million-us-ipo-effort]
* Financial information for Miami International Holdings, Inc. [https://seekingalpha.com/symbol/MIAX/income-statement]