Miami International Holdings (MIH), the parent company of Miami’s MIAX stock exchange, has received court approval to buy The International Stock Exchange Group (TISE), based in Guernsey, a British island in the English Channel.
MIH is acquiring TISE through its subsidiary MIH East Holdings, paying about £70.4 million ($89 million). TISE provides listing services for companies that want to raise money or issue bonds in European markets. It operates offices in Dublin, Guernsey, the Isle of Man, Jersey, and London. TISE is well known for listing high-yield bonds, real estate investment trusts (REITs), structured finance deals, and sustainable investments.
By the end of 2024, TISE had more than 4,400 securities (such as bonds and investment funds) listed, with a combined market value of over £750 billion (around $950 billion).
For MIH, the deal is a major step toward becoming a more global player. MIH is currently the owner of Miami International Securities Exchange, MIAX Pearl, MIAX Emerald, MIAX Sapphire, MIAX Futures, MIAXdX, Dorman Trading and the Bermuda Stock Exchange (BSX), which it acquired in 2020. MIH is jointly based in Princeton, N.J., and Miami, where it is launching its MIAX Sapphire trading floor in the Wynwood neighborhood.
With its TISE acquisition, MIH will be better positioned to connect U.S. investors and companies with European markets. It also gives MIH access to Europe’s sustainable finance sector, a fast-growing part of the investment world. MIH plans to invest further in TISE’s technology and operations to help the exchange grow.
