Added to YB: 2025-09-24
Pitch date: 2025-09-22
MIAX [bullish]
Miami International Holdings, Inc.
+1.6%
current return
Author Info
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Company Info
Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities.
Market Cap
$3.8B
Pitch Price
$40.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
30.08
P/E
-28.03
EV/Sales
2.54
Sector
Capital Markets
Category
growth
MIAX IPO: When an Exchange Lists Itself
MIAX: Exchange IPO raised $345M at $23/share, $2.3-2.5B valuation. Holds 17% US options market share, up from 6.5M to 8.7M daily contracts H1 2024. Royalty-like model with fixed costs, scale economics. Benefits from any market volatility/sector rotation via transaction fees. Risk: competition from CME/CBOE/Nasdaq oligopoly.
Read full article (5 min)