In a press release, the company revealed it plans to offer 15 million shares of common stock, with an expected price range of $19 to $21 per share.
An additional 2.25 million shares may be sold if underwriters exercise a 30-day option in full.
MIH, the parent company of exchanges including MIAX, MIAX Pearl, MIAX Emerald and the Bermuda Stock Exchange, positions itself as a technology-driven operator of regulated financial markets across multiple asset classes.
J.P. Morgan, Morgan Stanley and Piper Sandler are acting as lead joint bookrunners for the offering, with Keefe, Bruyette & Woods, Raymond James, William Blair and Rosenblatt also serving as joint bookrunning managers.
MIH added that a registration statement has been filed with the U.S. Securities and Exchange Commission but is not yet effective. The shares may not be sold, nor offers accepted, prior to their approval.
The offering will be made solely by means of a prospectus, available via the SEC’s website or directly from the lead underwriters.
The launch of the IPO roadshow marks a significant milestone for MIH as it seeks to expand its market presence and tap into public capital markets for the first time.
