Miami International Proposes Secondary Offering of 6.75M Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
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Miami International announced the launch of a proposed secondary public offering of 6.75M shares of its common stock including certain shares to be issued upon the exercise of warrants. The proposed offering consists entirely of secondary shares to be sold by certain selling stockholders of the company. J.P. Morgan, Morgan Stanley and Piper Sandler are acting as lead joint bookrunning managers for the proposed offering. Raymond James, Rosenblatt, William Blair, and Keefe, Bruyette & Woods, A Stifel Company are acting as joint bookrunning managers.
Analyst Views on MIAX
Wall Street analysts forecast MIAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MIAX is 47.20 USD with a low forecast of 37.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 42.880
Low
37.00
Averages
47.20
High
55.00
Current: 42.880
Low
37.00
Averages
47.20
High
55.00
About MIAX
Miami International Holdings, Inc. is a multi-asset exchange operator. It is a technology-driven in building and operating regulated financial marketplaces across multiple asset classes and geographies. Its products include MIAX, MIAX Options, MIAX PRIME, MIAX Technologies, MIAX Pearl, and MIAX Emerald. Its segments include Options, Equities, Futures and International. The Options segment includes business operations of listed options on the stocks of individual equities and options on exchange-traded products (ETP). The equities segment includes its business operations relating to listed U.S. equities and ETP transaction services. The futures segment includes its business operations relating to futures transaction services provided by its futures exchange and clearing house, MIAX Futures. The International segment includes listing services for capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
