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Miami International rises after investors sell stake in secondary offering

ReutersDec 12, 2025 8:37 PM

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

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