Ropes & Gray: Leading Advisors in Miami International's $396.8 Million IPO
Deal News | Aug 15, 2025 | Ropes & Gray
Ropes & Gray has successfully advised the underwriters in the $396.8 million initial public offering (IPO) of Miami International Holdings, Inc., a company renowned for its technological prowess in constructing and managing regulated financial marketplaces across a variety of asset classes and geographical locations. Announced on August 13th, the IPO has resulted in the commencement of trading on the New York Stock Exchange under the ticker MIAX. The advisory team from Ropes & Gray was spearheaded by capital markets partner Paul Tropp with significant contributions from partners Renata Ferrari, specializing in executive compensation and employee benefits, and Scott Pinarchick, an expert in tax matters. This development marks a significant milestone for Miami International, bolstering its financial and operational capabilities through the capital raised.
Sectors
- Financial Services
- Legal Services
- Technology
Geography
- United States – The IPO occurred on the New York Stock Exchange, and Miami International Holdings is based in the U.S.
Industry
- Financial Services – The article focuses on Miami International Holdings, which operates financial marketplaces, and their IPO underwriting.
- Legal Services – Ropes & Gray, a legal firm, played a significant advisory role in the IPO process.
- Technology – Miami International is recognized as a technology-driven company, influencing its operations in financial marketplaces.
Financials
- $396.8 million – The total amount raised in the Miami International Holdings IPO.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Miami International Holdings, Inc. | Target Company | Company | A technology-driven leader in building and operating regulated financial marketplaces. |
| Ropes & Gray | Legal Advisor | Company | Advised the underwriters in the IPO of Miami International Holdings. |
| Paul Tropp | Capital Markets Partner | Person | Led the advisory team from Ropes & Gray for the IPO. |
| Renata Ferrari | Executive Compensation & Employee Benefits Partner | Person | Partner at Ropes & Gray providing expertise in employee benefits. |
| Scott Pinarchick | Tax Partner | Person | Tax expert partner at Ropes & Gray involved in the IPO advisory team. |