Miami International Holdings, Inc. filed a Form S-1 registration statement for an initial public offering on 2025-07-18. It has amended it 1 time. It filed its final prospectus on 2025-12-15, at a public offering price of $23.00 per share. Each fact below is quoted from the filing named with it.
What the filings say
Listing
Our shares of common stock are listed on the New York Stock Exchange (“NYSE”) under the symbol “MIAX”.From the 424B4 filed 2025-12-15
Shares offered
This is an initial public offering of shares of common stock of Miami International Holdings, Inc. We are offering 15,000,000 shares of our common stock.From the 424B4 filed 2025-08-14
Offering price
On August 15, 2025, we completed our initial public offering (the “IPO”) of 17,250,000 shares of our common stock at a public offering price of $23.00 per share, which included 2,250,000 shares issued pursuant to the underwriters’ option to purchase additional shares of our common stock.From the 424B4 filed 2025-12-15
Use of proceeds
We intend to use the net proceeds from this offering to repay the 2029 Senior Secured Term Loan in full and related premium and for working capital and general corporate purposes, including to satisfy tax withholding and remittance obligations.From the 424B4 filed 2025-08-14
Revenue
For the nine months ended September 30, 2025, and the years ended December 31, 2024, December 31, 2023, and December 31, 2022, respectively, our revenues less cost of revenues were $306.0 million, $275.6 million, $232.5 million and $195.6 million, our adjusted revenues less cost of revenues were $306.0 million, $277.6 million, $237.1 million and $198.6 million, our net income (loss) was $(100.0) million, $102.0 million, $(21.4) million and $57.3 million, our adjusted EBITDA was $136.9 million, $82.1 million, $67.2 million and $57.3 million, with an adjusted EBITDA margin of 44.7%, 29.6%, 28.4% and 28.8%.From the S-1 filed 2025-12-09
Net loss or income
For the nine months ended September 30, 2025, and the years ended December 31, 2024, December 31, 2023, and December 31, 2022, respectively, our revenues less cost of revenues were $306.0 million, $275.6 million, $232.5 million and $195.6 million, our adjusted revenues less cost of revenues were $306.0 million, $277.6 million, $237.1 million and $198.6 million, our net income (loss) was $(100.0) million, $102.0 million, $(21.4) million and $57.3 million, our adjusted EBITDA was $136.9 million, $82.1 million, $67.2 million and $57.3 million, with an adjusted EBITDA margin of 44.7%, 29.6%, 28.4% and 28.8%.From the S-1 filed 2025-12-09
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2025-07-18 | Registration statement filed | S-1 |
| 2025-08-04 | Registration statement amended | S-1/A |
| 2025-08-14 | Final prospectus filed: the offering is priced | 424B4 |
| 2025-12-09 | Registration statement filed | S-1 |
| 2025-12-15 | Final prospectus filed: the offering is priced | 424B4 |
Tools for this story
Each opens in a new tab, filled in for Miami International Holdings, Inc.. With no account yet, you sign up free and land on the result.
Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.