Back to news
MIAX-parent Miami International's US IPO filing reveals wider quarterly loss - Reuters
@Source: reuters.com
July 18 (Reuters) - MIAX-parent Miami International Holdings on Friday reported a wider quarterly loss in its filing for a U.S. initial public offering, as investor interest in IPOs shows signs of revival.
The U.S. IPO market, which faced a steep decline during the April selloff driven by volatile trade policies, has recently seen renewed activity, with high-profile debuts.
In the past month, stablecoin issuer Circle Internet (CRCL.N), opens new tab and digital bank Chime Financial (CHYM.O), opens new tab were warmly received on their market debuts.
Advertisement · Scroll to continue
The Princeton, New Jersey-based exchange operator disclosed a net loss of $21.4 million for the three months ended March 31, compared to a loss of $5 million in the same period last year.
Total revenue for the quarter rose to $327.1 million from $272.9 million a year earlier.
Details regarding the terms of the IPO, however, were not included in the filing.
Proceeds from Miami International's offering will be allocated to debt repayment, acquisitions, or investments in businesses and technologies, the company said.
Healthcare firm Heartflow and space and defense company Firefly also filed for IPOs earlier this month.
Advertisement · Scroll to continue
Get the key points from this story with Reuters AI
Miami International launched its first exchange, MIAX, for options trading in December 2012, leveraging management expertise in the equity options market.
MIAX operates nine exchanges that provide access to U.S. multi-list options and equities, futures via the MIAX Futures Exchange, and international capital markets through the Bermuda Stock Exchange (BSX) and The International Stock Exchange (TISE), according to its website.
The company plans to list its shares on the New York Stock Exchange under the ticker symbol "MIAX". J.P.Morgan, Morgan Stanley and Piper Sandler are the lead underwriters for the offering.
Ad Break Coming Up
NEXT StayNext
OffEnglish
180p288p360p480p540p576p720pHD1080pHDAuto (180p)
About ConnatixV597763
About ConnatixV597763
1/100:00AI Weekly: Meta makes a bet, Nvidia makes a return
Continue watchingAI Weekly: Meta makes a bet, Nvidia makes a returnafter the adVisit Advertiser websiteGO TO PAGE
Reporting by Prakhar Srivastava in Bengaluru; Editing by Shailesh Kuber and Mohammed Safi Shamsi
Purchase Licensing Rights
Related News
07 Jun, 2025
Where will Ange Postecoglou coach next a . . .
05 Apr, 2025
SRH Vs GT, IPL 2025 Today's Match: Previ . . .
08 Jun, 2025
Netflix film based on real-life murder r . . .
02 Apr, 2025
Awardees yet to get prizes from FAM
14 May, 2025
Army’s tier two streak ended, Union Hall . . .
13 Jul, 2025
Usain Bolt pens heartfelt wish for late . . .
18 Apr, 2025
ONGC's cheaper APM gas supply falls, cos . . .
30 Mar, 2025
Sudoku medium: March 30, 2025