Miami International slips as investors look to slice stake in secondary offering

Miami International Holdings

09/12/2025 23:04

** Exchange operator Miami International's MIAX.N shares down 2.1% at $44.85 in extended trading

** MIAX kicks off secondary offering of 6.75 million shares to be sold by certain selling stockholders

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

** Buyout firm Warburg Pincus, trading firm Wolverine, and Hudson River Trading, among more than a dozen selling stockholders that may sell in the offering, according to prospectus

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

** Three of six brokerages rate the stock "buy" or higher and three "hold"; median PT $46 — data compiled by LSEG

** As of last close, MIAX stock has nearly doubled since August debut

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))