Bloomberg Talks Miami International CEO Tom Gallagher Talks IPO Debut
Aug 14, 2025
Tom Gallagher, CEO of Miami International Holdings, shares insights into his company’s impressive IPO debut, with stock soaring 36% post-launch. He discusses the strategic adaptability required in today’s market and highlights upcoming innovation, including a new physical trading floor in Miami. The conversation also delves into the booming U.S. options trading scene fueled by retail platforms and increased market competition, emphasizing the fast-paced evolution of trading dynamics.
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Successful IPO And Strategic Capital
- Miami International Holdings debuted strongly, opening at $31.65 versus a $23 IPO price and raising $345 million.
- Tom Gallagher said he was pleased with pricing and the capital's strategic value for growth.
Expand By Leveraging Tech And Partners
- Leverage existing tech and partner relationships to expand into adjacent asset classes like futures.
- Use exclusive licensing and anchor partners to seed new product launches, as Gallagher plans with Bloomberg.
Building A Trading Floor In Miami
- Miami opened a new trading floor after member demand and a pandemic-driven relocation trend to the city.
- Gallagher described automating long-standing manual floor workflows and being the first national exchange based in Miami.