Overview
- Nasdaq marked the exchange’s full operational launch with a closing bell ceremony at the Alamo in San Antonio.
- Nasdaq Texas is now legally domiciled in the state, with Nasdaq having reincorporated its Nasdaq BX exchange to establish the venue.
- Nasdaq named Apache, J.B. Hunt, Huntington Bancshares, ProFrac, Firefly Aerospace and Construction Partners as the first companies to dual-list on the new exchange.
- The rollout positions Nasdaq to challenge the New York Stock Exchange’s planned Texas venue and the SEC-approved Texas Stock Exchange, which is backed by BlackRock and Citadel Securities and has yet to begin trading.
- Nasdaq says the Texas push extends earlier investments, including a Dallas regional headquarters, and responds to issuer demand for a business-friendly environment.