MIAX Receives $100 Million Capital Injection

Warburg Pincus has invested $100 million in Miami International Holdings (MIAX) to support the continued global expansion, subject to certain conditions. MIAX’s stated strategy is to build a diversified revenue stream across multiple asset classes and geographies. Thomas Gallagher, chair and chief executive of MIH, said: “The investment will provide MIH with additional funding to expand strategic partnerships in financial futures and proprietary products and will also provide capital to pursue acquisitions in the US and internationally to accelerate our continued growth.” One initiative the capital injection is set to contribute to is the construction and fit-out of its new physical trading floor in Miami, Florida for MIAX Sapphire. The electronic exchange launched on August 12, 2024, with the trading floor in Miami – initially scheduled for H2 2024 now set to go live in 2025.