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Exchange Operator MIAX Jumps 39% After $345 Million IPO

Exchange Operator MIAX Jumps 39% After $345 Million IPO

Bloomberg11 hours ago
Miami International Holdings Inc. rose 39% from its initial public offering price as the exchange operator became the most recent financial services business to get a warm welcome in its trading debut.
Shares rose to $32 on Thursday, versus an IPO price of $23. MIAX, as the company is known, raised $345 million in a heavily oversubscribed deal. Shares were marketed in a range of $19 to $21 apiece, according to the company.
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