Miami International Holdings, Inc.'s Quiet Period Will Expire on September 23rd (NYSE:MIAX)

Key Points

• Miami International Holdings, Inc.'s quiet period will end on September 23rd, allowing brokerages to initiate research coverage after an IPO that raised $345 million on August 14th.
• Multiple brokerages have established coverage on MIAX, with Morgan Stanley setting the highest target price at $42.00 and giving it an "overweight" rating.
• The stock is currently trading at $37.40, with a 12-month price range between $28.63 and $39.13.

Miami International's (NYSE:MIAX - Get Free Report) quiet period will expire on Tuesday, September 23rd. Miami International had issued 15,000,000 shares in its IPO on August 14th. The total size of the offering was $345,000,000 based on an initial share price of $23.00. During the company's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Several brokerages have commented on MIAX. Raymond James Financial began coverage on shares of Miami International in a research report on Monday, September 8th. They set a "market perform" rating for the company. Morgan Stanley began coverage on shares of Miami International in a research report on Monday, September 8th. They set an "overweight" rating and a $42.00 target price for the company. Wall Street Zen upgraded shares of Miami International to a "hold" rating in a research report on Saturday, August 23rd. Keefe, Bruyette & Woods began coverage on shares of Miami International in a research report on Monday, September 8th. They issued a "market perform" rating and a $37.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Miami International in a research report on Monday, September 8th. They issued a "neutral" rating and a $32.00 price objective for the company. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Miami International has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

Miami International Stock Down 0.2%

MIAX opened at $37.40 on Tuesday. Miami International has a 12 month low of $28.63 and a 12 month high of $39.13.

Miami International Company Profile

We are a technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies. Our MIAX Exchanges, MIAX Futures and BSX marketplaces are enabled by our in-house built, proprietary technology. We believe the speed and performance of our proprietary technology coupled with our fully integrated, award-winning customer service, sets us apart from our competitors.

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