Miami International Holdings Closes Secondary Offering
Underwriters Exercise Full Option to Purchase Additional Shares
MIAMI - Miami International Holdings, Inc. ("MIAX" or the "Company") (NYSE: MIAX), a prominent player in the financial markets arena, has successfully concluded a secondary public offering of 7,762,500 shares of its common stock. This notable event saw the underwriters exercising their option to purchase an additional 1,012,500 shares at an impressive public offering price of $41.00 per share.
This secondary offering featured solely secondary shares, including those initiated from the exercise of warrants by certain selling stockholders of the Company. It's important to note that MIAX itself did not sell any shares in this offering, resulting in no financial proceeds from the transaction.
Key Participants in the Offering
This significant financial activity was led by J.P. Morgan, Morgan Stanley, and Piper Sandler, who served as the lead joint bookrunning managers. Additionally, Raymond James, Rosenblatt, William Blair, and Keefe, Bruyette & Woods, a Stifel Company, contributed as joint bookrunning managers for this offering.
A registration statement concerning these securities was submitted to the Securities and Exchange Commission ("SEC"), with its effectiveness confirmed shortly before the offering occurred. Interested parties could access the offering's final prospectus free of charge through the SEC’s EDGAR system.
About the Company
Miami International Holdings, Inc. stands out in the realm of regulated financial markets, offering diverse platforms across various asset classes and regions. Their operations span nine exchanges, including MIAX® Options, MIAX Pearl®, MIAX Emerald®, MIAX Sapphire®, MIAX Pearl Equities™, MIAX Futures™, MIAXdx™, The Bermuda Stock Exchange (BSX), and The International Stock Exchange (TISE). In addition, MIAX boasts a full-service Futures Commission Merchant, Dorman Trading, adding another layer to its comprehensive financial presence.
Important Notes Regarding the Offering
This announcement should not be misconstrued as a solicitation for an offer to sell or purchase securities. Furthermore, these securities cannot be sold in any jurisdiction before proper registration or qualification has been completed under local securities laws. This offering emphasizes compliance with regulatory standards, assuring investors of its legitimacy and transparency.
Contacts for Additional Information
For those seeking further details about MIAX or keen on investor relations, several contact channels are provided. Investors may connect through email, with dedicated contacts for both inclusive inquiries and media relations.
MIAX Investor Relations
For further information, representatives can be reached at the provided channels. MIAX's commitment to clarity and transparency ensures that investors are well-informed about their offerings and market strategies.
Media Inquiries
Media representatives can also reach out for information regarding press materials or to facilitate coverage of ongoing events related to MIAX's endeavors in the financial market space.
Frequently Asked Questions
What is the significance of the secondary offering?
The secondary offering allows existing stockholders to sell shares, providing liquidity and opportunity for further investment without diluting the Company's financial standing.
Who managed the offering?
J.P. Morgan, Morgan Stanley, and Piper Sandler acted as lead joint bookrunning managers, facilitating the offering's structure and execution.
What do the proceeds from the offering signify?
The proceeds from this offering are not generated for MIAX since they did not sell any shares, yet it showcases a strong market demand.
What markets does MIAX operate in?
MIAX operates a variety of exchanges across options, futures, equities, and international markets, making it a leader in regulated trading platforms.
Where can I find more information about MIAX?
Additional information can be accessed through their official channels or the SEC's EDGAR system for documents related to their offerings and company performance.
