Miami International Holdings, the parent of exchange operator MIAX, will begin trading on the NYSE later on Thursday, becoming the first U.S. financial exchange to go public in 15 years. The Princeton,

MIAX, as the company is known, raised $345 million in a heavily oversubscribed deal that priced above the marketed range of $19 to $21 apiece. The trading gives MIAX a market value of $2.4 billion based on the outstanding shares listed in its filings.

Only a handful of US exchange operators have gone public since the 2000s and Miami International’s listing had been a long time coming as the company confidentially filed for an IPO in 2022. CME Group was the first US exchange to go public in 2002, while Cboe Global listed in 2010.