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Exchange Operator MIAX Jumps 34% After $345 Million IPO
MIAX, as the company is known, raised $345 million in a heavily oversubscribed deal that priced above the marketed range of $19 to $21 apiece. The trading gives MIAX a market value of $2.4 billion based on the outstanding shares listed in its filings.
Investors bought MIAX's IPO, helping the exchange raise over $345 million as it looks to strengthen its position in options, equities and futures trading.
The exchange operator had previously said it was looking for an initial offering price of between $19 and $21.
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