The event also commemorated the 190th anniversary of the Battle of the Alamo, marking the first time a bell\u2011ringing ceremony has been held at the historic site.\u00a0<\/p>\n
With the launch\u2014which followed approval of Nasdaq Texas\u2019 listing rules from the U.S. Securities and Exchange Commission\u2014U.S. public companies now have a Texas-based exchange designed to allow issuers to leverage the state\u2019s \u201cbusiness-friendly environment,\u201d while maintaining access to Nasdaq\u2019s suite of services and technology solutions, Nasdaq said.<\/p>\n
But the new exchange faces competition in the Lone Star State. NYSE Texas launched last August<\/a> from AT&T Stadium. And the Texas Stock Exchange, which debuted a longhorn vs. Wall Street bull media campaign<\/a> just this week, plans to launch its own trading later this year.<\/p>\n Last March, Nasdaq announced that it would be opening a new regional headquarters in Dallas<\/a>, as part of the growing list of companies claiming a stake on \u201cY\u2019all Street.\u201d The planned launch of Nasdaq Texas was first announced last November<\/a> at Daniel Energy Partners\u2019 8th Annual Permian Basin Cook-Off in Midland.<\/p>\n Aligning with Texas\u2019 \u2018leadership, resilience, and growth\u2019<\/p>\n Rachel Racz, SVP and head of listings for Texas, Central and\u00a0Southern U.S., and\u00a0Latin America at Nasdaq, said the full launch of Nasdaq Texas \u201crepresents a permanent, foundational commitment to the companies that want to build the future of the\u00a0U.S. economy from this state.\u201d<\/p>\n \u201cBy being part of this community, Nasdaq is aligning itself with the leadership, resilience, and growth that define\u00a0Texas,\u201d Racz added in a statement. \u201cWe\u2019re proud to welcome our first cohort of dual-listed companies and look forward to supporting them with the full strength and capabilities of Nasdaq Texas.\u201d<\/p>\n Abbott, Patrick joined dual listers at today\u2019s launch<\/p>\n Governor Greg Abbott\u00a0and Lt. Governor\u00a0Dan Patrick were among the guests at today\u2019s Nasdaq Texas launch event. They were joined by representatives of the first cohort of companies that will dual list on Nasdaq Texas: APA Corporation (Nasdaq: APA), Construction Partners Inc. (Nasdaq: ROAD), J.B. Hunt Transportation Services (Nasdaq: JBHT), Huntington Bancshares (Nasdaq: HBAN), and ProFrac Services (Nasdaq: ACDC).\u00a0<\/p>\n A sixth announced listing was Nasdaq, Inc. itself (Nasdaq: NDAQ), which will dual list on Nasdaq Texas.<\/p>\n \u201cTexas is the financial services capital of America,\u201d Governor Abbott said in a statement. \u201cWith another financial exchange coming to Texas, Nasdaq Texas cements our state as a global economic leader and will help further grow our leading financial industry. I thank Nasdaq for choosing Texas for their expansion and look forward to working together to keep Texas the financial hub of the nation.\u201d<\/p>\n Ned N. Fleming, III, founder of Dallas-based SunTx Capital Partners and executive chairman of Construction Partners, was one of the dual-listed company representatives at today\u2019s launch.<\/p>\n \u201cAs a lifelong Texan and long\u2011time builder of Sunbelt businesses, I\u2019m proud to see a\u00a0U.S. exchange designed to reflect Texas\u2019 business\u2011friendly environment while leveraging Nasdaq\u2019s world\u2011class technology and reach,\u201d Fleming said. \u201cAt SunTx, we\u2019re fortunate to partner with exceptional management teams like Construction Partners, a charter member of Nasdaq Texas. Under the leadership of Governor\u00a0Greg Abbott\u00a0and Lt. Governor\u00a0Dan Patrick,\u00a0Texas continues to set the pace for innovation, opportunity and enterprise, and we\u2019re proud to help build on that momentum.\u201d<\/p>\n Don\u2019t miss what\u2019s next. Subscribe\u00a0to\u00a0Dallas\u00a0Innovates.<\/p>\n Track Dallas-Fort Worth\u2019s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The event also commemorated the 190th anniversary of the Battle of the Alamo, marking the first time a…\n","protected":false},"author":2,"featured_media":192415,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[76301,55621,27,29,28,9587],"class_list":["post-192414","post","type-post","status-publish","format-standard","has-post-thumbnail","category-texas","tag-closing-bell","tag-nasdaq-texas","tag-texas","tag-texas-headlines","tag-texas-news","tag-the-alamo"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/192414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=192414"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/192414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/192415"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=192414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=192414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=192414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}