Miami International Holdings Inc. rose 36% from its initial public offering price as the exchange operator became the most recent financial services business to get a warm welcome in its trading debut.

Shares of Miami International Holdings jumped 38% from their initial public offering price, valuing the exchange operator at about $2.5 billion on its debut in New York on Thursday.

Miami International Holdings, which has built and operates regulated markets in traditional finance, has completed an initial public offering while Bullish has become the first digital asset exchange to go public on the New York Stock Exchange.