Miami International Holdings, Inc. (MIAX) is a digital exchange focused on options and futures trading, catering to institutional participants and liquidity providers. MIAX’s stock price has risen 47.52% since its IPO, with revenue of $655 million in the first half of 2025. The company competes with Nasdaq and CBOE, with CME Group distributing MIAX products.

MIAX raised nearly $400 million in its IPO, with proceeds used for debt repayment and balance sheet strengthening. The company boasts adjusted EBITDA margins of 45%, aligning with other profitable exchange operators. Trading volumes are increasing, and leverage is expected to decline, positioning MIAX as a market infrastructure provider to watch closely.

Chip Stock Investor recently highlighted the bullish thesis on Miami International Holdings, Inc. (MIAX), emphasizing the company’s strong financials, recent IPO, and growth potential in institutional trading infrastructure. MIAX competes with established players like Nasdaq and CBOE, with CME Group distributing its products. The company’s stock price has risen 47.52% since its IPO, reflecting investor confidence in its business model and growth prospects.

Read more at Yahoo Finance: Miami International Holdings, Inc. (MIAX): A Bull Case Theory