Miami International Holdings Launches Roadshow for Initial Public Offering of Common Stock

Strategic Insights -

Miami International Holdings, Inc., a technology-driven leader in building and operated regulated financial markets, announced the launch of the roadshow for its initial public offering of 15,000,000 shares of its common stock, with an option to purchase up to an additional 2,250,000 shares. The initial public offering price is expected to be between $19 and $21 per share. The proposed offering is to be made only by means of a prospectus, which is available on the U.S. Securities and Exchange Commission's website.

The company's common stock has been approved for listing on the New York Stock Exchange under the ticker symbol "MIAX." J.P. Morgan, Morgan Stanley, and Piper Sandler are acting as lead joint bookrunning managers for the proposed offering, with Keefe, Bruyette & Woods, Inc., Raymond James, William Blair, and Rosenblatt as joint bookrunning managers.

Key Takeaways:

  • Miami International Holdings is launching an initial public offering of 15,000,000 shares of its common stock, with an option to purchase up to an additional 2,250,000 shares.
  • The initial public offering price is expected to be between $19 and $21 per share.
  • The proposed offering is to be made only by means of a prospectus, which is available on the U.S. Securities and Exchange Commission's website.
  • The company's common stock has been approved for listing on the New York Stock Exchange under the ticker symbol "MIAX."
  • 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 supports the company's growth strategy and enhances its visibility and liquidity.

Statistics:

  • 15,000,000 shares of common stock are to be offered in the initial public offering.
  • An additional 2,250,000 shares may be purchased under the 30-day option granted to the underwriters.
  • The initial public offering price is expected to be between $19 and $21 per share.
  • The proposed offering is to be made only by means of a prospectus.

Sources:

  • https://www.prnewswire.com/news-releases/miami-international-holdings-inc-announces-launch-of-roadshow-for-initial-public-offering-of-common-stock-301397366.html
  • EDGAR, the U.S. Securities and Exchange Commission's website