Added to YB: 2025-12-19
Pitch date: 2025-12-18
MIAX [bullish]
Miami International Holdings, Inc.
Author Info
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Company Info
Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities.
Market Cap
$3.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
27.96
P/E
-28.84
EV/Sales
2.37
Sector
Capital Markets
Category
growth
A Royalty on Market Madness - Miami International Holdings, Inc.
MIAX: Options exchange (17.2% market share) trading at 18x normalized EBITDA for core business after stripping out loss-making segments & IPO costs. Superior 10.5c RPC vs CBOE's 5.5c on multi-listed. Major catalyst: exclusive Bloomberg index futures/options launch H1 2026 could add significant high-margin revenue. Free call option on futures segment with vertical integration. Strong insider alignment (CEO 4.7%, Horizon 11.6%). Technical overhang from lock-up expiry Feb creates entry opportunity.
Read full article (32 min)