IPO activity is on the rise, with an increase in the number of IPOs and total funds raised on Wall Street. In the second quarter of 2025, there were 59 IPOs in the US, raising $15.02 billion compared to 45 IPOs and $11.23 billion raised in the same period in 2024.

Miami International Holdings (MIAX) is a financial tech company based in New Jersey that operates trading exchanges in the US equity options markets, US stock markets, futures markets, and international stock markets. MIAX went public in August 2025, with its stock gaining over 18% since the IPO.

Bullish is a fintech company providing a global digital asset trading platform focused on institutional investors. With a recent IPO held in August, Bullish priced its shares at $37 and raised ‘aggregate gross proceeds’ exceeding $1 billion. Despite a 40% share price retreat post-IPO, the company still boasts a market cap of $7.8 billion.

Analyst Chris Brendler views MIAX as an undervalued stock with a Buy rating and a $50 price target, suggesting a 36% upside potential. For Bullish, Brendler sees a Buy rating with a $60 price target, indicating a 12% upside potential. Both MIAX and Bullish have earned Moderate Buy consensus ratings from analysts.

Read more at Yahoo Finance: 2 New IPO Stocks in Town; Rosenblatt Says ‘Buy’