Added to YB: 2026-09-28
Pitch date: 2026-09-23
MIAX [neutral]
Miami International Holdings, Inc.
-3.08%
current return
Author Info
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Company Info
Miami International Holdings, Inc., through its subsidiaries, builds and operates various financial marketplaces in the United States.
Market Cap
$3.6B
Pitch Price
$36.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.50
P/E
21.66
EV/Sales
1.97
Sector
Capital Markets
Category
growth
Company a Day #66: MIAX
MIAX (deep dive): MIAX built a meaningful U.S. options franchise from scratch, handling 2.4B contracts and 17.1% of multi-listed options volume in 2025, and is extending its regulated infrastructure into equities, futures and international listings. The payoff depends on building liquidity in proprietary SPIKES and Bloomberg-index products and integrating acquired venues; the central risk is strategic sprawl, with Pearl Equities and newer futures products still needing to prove relevance and liquidity.
Read full article (39 min)