Reuters: IPOX® CEO Josef Schuster Comments on Rare Exchange IPO of MIAX

Reuters reports that Miami International Holdings, the parent company of bourse operator MIAX, is targeting a valuation of up to $1.67 billion in its upcoming initial public offering. The article highlights the rarity of such a flotation for a U.S. financial exchange, with Cboe Global being the last major operator to go public in 2010. The move comes as market volatility has increased trading volumes and profitability for exchanges.

IPOX® CEO Josef Schuster was quoted in the article, offering his perspective on the MIAX listing. He noted the favorable conditions for such an offering, stating, "There is currently strong appetite for U.S. domiciled specialty IPOs and we expect demand for the MIAX IPO to benefit."

However, Schuster also provided a nuanced view on the potential valuation, adding that "the fact that this is not a pure growth deal" could be a factor, as Miami International plans to use proceeds to repay debt among other purposes.

Read the full article by Arasu Basil on Reuters:
https://www.reuters.com/markets/us/miax-parent-miami-international-targets-17-billion-valuation-rare-exchange-ipo-2025-08-04/