Latest news with #MiamiInternationalHoldings
Yahoo
11 hours ago
- Business
- Yahoo
Urbana Corporation Announces the Recent Initial Public Offering of One of Its Investees
/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICESOR FOR DISSEMINATION IN THE U.S./ TORONTO, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Urbana Corporation ('Urbana') (TSX and CSE: URB, URB.A), is pleased to announce that one of its investee companies, Miami International Holdings Inc. ('MIH'), has recently completed an initial public offering ('IPO') on the New York Stock Exchange ('NYSE') successfully (trading symbol: MIAX). On August 14, 2025, MIAX shares commenced trading on the NYSE following the successful pricing of their IPO at US$23.00 per share. The company raised US$396,750,000 through its IPO of 15,000,000 shares of its common stock and the underwriter's exercise of the over-allotment option to purchase 2,250,000 shares of its common stock. MIAX shares closed at US$31.12 per share on Friday, August 15, 2025. Urbana owns 663,810 MIAX shares with an acquisition cost of CAD$12.3 million. The market value of these shares was approximately CAD$28.5 million at the close of trading on Friday, August 15, 2025, representing an unrealized gain of approximately CAD$16.2 million (or approximately 132%). As an early shareholder in MIAX, Urbana was previously a member seatholder of the Minneapolis Grain Exchange ('MGEX') and was a shareholder of the Bermuda Stock Exchange ('BSX'), two of the exchange properties MIAX acquired for its network. About Urbana Urbana Corporation is a diversified corporation with a focus on financial services, information services and innovative technologies. The long-term goal of Urbana is to seek and acquire investments for income and capital appreciation through a combination of public and private investments. The portfolio mix of actively managed publicly traded securities with private equity investments has generated significant long-term investment results. For more information, visit About Miami International Holdings, Inc. Miami International Holdings, Inc. ('MIH') is a technology-driven leader in building and operating regulated financial markets across multiple asset classes. MIH owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire LLC (MIAX Sapphire™), MIAX Futures Exchange, LLC (MIAX Futures™), MIAX Derivatives Exchange (MIAXdx™), Dorman Trading, LLC (Dorman Trading), The Bermuda Stock Exchange (BSX) and The International Stock Exchange (TISE). For more information, visit For further information contact: Elizabeth Naumovski Investor Relations (416) 595-9106 enaumovski@ Certain statements in this news release constitute 'forward-looking' statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.
Reuters
3 days ago
- Business
- Reuters
Exchange operator Miami International soars 38% in debut after $345 million IPO
NEW YORK, Aug 14 (Reuters) - Shares of Miami International Holdings (MIAX.N), opens new tab jumped 38% from their initial public offering price, valuing the exchange operator at about $2.5 billion on its debut in New York on Thursday. The stock market launch of MIAX, as the company is referred to, marks the first listing of a major U.S. financial exchange in 15 years, as only a handful of exchange operators have gone public since the 2000s. Shares of MIAX, which has been attempting to go public since 2022 when it first filed confidentially for its flotation, opened for trading at $31.65 apiece, above the $23 IPO price. "We thought now is a good time (for us to go public) because of the macro-economic climate. I also thought in mid-August there wouldn't be as much going on in the capital markets with respect to IPOs, and we could get the attention," said Thomas Gallagher, chairman and CEO of MIAX, in an interview with Reuters. The Princeton, New Jersey-based company sold 15 million shares above the marketed range of $19 to $21 apiece to raise $345 million on Wednesday, making it one of the biggest share sales of a U.S. bourse operator. CME Group (CME.O), opens new tab was the first U.S. exchange to go public in 2002, while Cboe Global (CBOE.Z), opens new tab listed in 2010. Exchanges have also thrived this year as heightened market volatility fueled record trading volumes and boosted profits. "It's a niche area, but it's one investors are comfortable with. MIAX is clearly riding some multi-year tailwinds in the options space," said Matt Kennedy, senior strategist at IPO-focused research and ETFs provider Renaissance Capital. MIAX, which was co-founded by Gallagher, was launched in 2007 after a wave of consolidation amongst equity and options exchanges. MIAX operates nine securities and derivatives exchanges and the majority of its revenues are generated from options trading. The U.S. options market has witnessed explosive growth since the Covid-19 pandemic and the meme-stock frenzy of 2021. The company launched its first options exchange in 2012 and has gained market share from rivals over the past decade. In the first half of 2025, it had a 16% market share in the U.S. options industry, behind only the NYSE, Nasdaq, and Cboe, according to the Options Clearing Corporation. While it currently does not have any products involving crypto futures, MIAX is open to opportunities to expand its offerings to potentially cash in on the demand for crypto. "If a crypto partner comes to me and says, we'd like to do a joint venture to bring a crypto offering, either to your futures exchange or some type of an option on some crypto index, we're open for business," Gallagher said. MIAX counts the likes of private equity firm Warburg Pincus and market-making giant Citadel Securities among its prominent investors. Citadel and other market-making firms like Susquehanna Securities, which are also MIAX's biggest customers, currently hold a roughly 20% stake in the company. MIAX's debut comes a day after a blowout launch for crypto exchange Bullish, whose shares surged 84% after it started trading on Wednesday. JPMorgan Chase, Morgan Stanley, and Piper Sandler were the lead underwriters for MIAX's offering.
Yahoo
3 days ago
- Business
- Yahoo
Miami International Holdings Announces Exercise of Underwriters' Over-Allotment Option and Closing of Initial Public Offering
PRINCETON, N.J. AND MIAMI, Aug. 15, 2025 /PRNewswire/ -- Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced that, in connection with its initial public offering of 15,000,000 shares of its common stock, the underwriters have fully exercised their option to purchase an additional 2,250,000 shares of its common stock. The initial public offering, including the issuance of the additional shares, closed on August 15, 2025, bringing the gross proceeds from the initial public offering to $396,750,000, before deducting underwriting discounts and commissions and offering expenses payable by the company. J.P. Morgan, Morgan Stanley and Piper Sandler acted as lead joint bookrunning managers for the offering. Keefe, Bruyette & Woods, Inc., Raymond James, William Blair and Rosenblatt acted as joint bookrunning managers. A registration statement relating to these securities has been filed with the Securities and Exchange Commission ("SEC") and was declared effective on August 13, 2025. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC website at Alternatively, copies of the prospectus may be obtained from: J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@ and postsalemanualrequests@ Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by telephone at (800) 747-3924, or by email at prospectus@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About MIAXMIAX's parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire LLC (MIAX Sapphire™), MIAX Futures Exchange, LLC (MIAX Futures™), MIAX Derivatives Exchange (MIAXdx™), Dorman Trading, LLC (Dorman Trading), The Bermuda Stock Exchange (BSX) and The International Stock Exchange (TISE). MIAX, MIAX Pearl, MIAX Emerald and MIAX Sapphire are national securities exchanges registered with the Securities and Exchange Commission that are enabled by MIAX's in-house built, proprietary technology. MIAX offers trading of options on all four exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism. MIAX Futures is a registered exchange with the Commodity Futures Trading Commission (CFTC) and enabled by MIAX's in-house built, proprietary technology. MIAX Futures offers trading in a variety of products including Minneapolis Hard Red Spring Wheat Futures. MIAX Futures is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM and DCO services in an array of asset classes. MIAXdx is a CFTC regulated exchange and clearinghouse and is registered as a DCM and DCO with the CFTC. Dorman Trading is a full-service Futures Commission Merchant registered with the CFTC. BSX is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities. TISE provides financial markets and securities services to public and private companies. TISE's Qualified Investor Bond Market (QIBM) is a leading market in Europe for listing high yield bonds, structured finance products and securitization transactions. TISE lists a pool of investment funds, UK Real Estate Investment Trusts (REITs) and hosts a sustainable finance segment, TISE Sustainable. TISE is headquartered in Guernsey, Channel Islands. MIAX's executive offices and National Operations Center are located in Princeton, N.J., with additional U.S. offices located in Chicago, IL and Miami, FL. MIAX Futures offices are located in Minneapolis, MN. MIAXdx offices are located in Princeton, N.J. Dorman Trading offices are located in Chicago, IL. BSX offices are located in Hamilton, Bermuda. TISE offices are located in Guernsey, Dublin, the Isle of Man, Jersey and London. Media Contact:Andy Nybo, SVP, Chief Communications Officeranybo@ View original content to download multimedia: SOURCE MIAX Connectez-vous pour accéder à votre portefeuille
Business Recorder
4 days ago
- Business
- Business Recorder
Miami International set for NYSE debut after $345m IPO
NEW YORK: Miami International Holdings , the parent of exchange operator MIAX, will begin trading on the NYSE later on Thursday, becoming the first US financial exchange to go public in 15 years. The Princeton, New Jersey-based company sold 15 million shares above the marketed range of $19 to $21 apiece to raise $345 million on Wednesday, one of the biggest listings of a US bourse operator. Only a handful of US exchange operators have gone public since the 2000s and Miami International's listing had been a long time coming as the company confidentially filed for an IPO in 2022. CME Group was the first US exchange to go public in 2002, while Cboe Global listed in 2010. Exchanges have also thrived this year as heightened market volatility fueled record trading volumes and boosted profits. 'It's a niche area, but it's one investors are comfortable with. MIAX is clearly riding some multi-year tailwinds in the options space,' said Matt Kennedy, senior strategist at IPO-focused research and ETFs provider Renaissance Capital. 'The valuation was pitched at a clear discount to peers, so that also helped get investor demand.' MIAX, led by Thomas Gallagher, launched in 2007 after a wave of consolidation amongst equity and options exchanges. 'I'm not worried about fragmentation. I'm not worried about the aspects of having a very diverse set of exchanges,' Gallagher told Reuters in an interview.
Bloomberg
4 days ago
- Business
- Bloomberg
Exchange Operator MIAX Jumps 33% After $345 Million IPO
Miami International Holdings Inc. rose 33% 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. Miami International Holdings Chairman and CEO Thomas Gallagher has more on the story. (Source: Bloomberg)
