
In a rare move in the financial exchange world, Miami International, the parent company of the MIAX exchange, is coming public and is expected to start trading on the New York Stock Exchange as soon as Aug. 14.
Miami International is looking to raise $315 million by offering 15 million shares. The price range for the IPO is between $19 and $21 per share. The company intends to use the proceeds to repay debt and for other corporate purposes.