Miami International rises after investors sell stake in secondary offering

Miami International Holdings

12/12/2025 20:37

** Exchange operator Miami International's MIAX.N shares rise 2.5% to $42.82

** MIAX late Thursday announced pricing of secondary offering of 6.75 million shares by certain selling shareholders at $41 apiece

** Offering priced at 1.9% discount to stock's last close

** MIAX stock slipped 6.9% on Wednesday after the secondary offering was unveiled and fell another 2% on Thursday

** J.P. Morgan, Morgan Stanley and Piper Sandler were lead joint bookrunning managers for offering

** MIAX went public in New York in August after a $345 million IPO

** Three of five brokerages rate the stock "buy" or higher and two "hold"; median PT $48 — data compiled by LSEG

** As of last close, MIAX stock up 81.7% since August debut

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))