Nasdaq Launches Texas Exchange, Dual Lists Nasdaq Inc. and Five Firms
Nasdaq Texas launched as a fully operational exchange after SEC approval, marking its opening with a closing bell ceremony at the Alamo on the 190th anniversary of the battle. Five companies and Nasdaq Inc. itself will dual list on the Texas-based venue offering issuers local governance and global liquidity.
1. Launch and SEC Approval
Nasdaq Texas officially began operations after the SEC approved its listing rules, marking the event with a closing bell ceremony at the Alamo on the 190th anniversary of the battle. The new exchange is legally domiciled in Texas and leverages Nasdaq’s market structure and technology.
2. Inaugural Cohort of Dual Listings
Five companies—APA Corporation, Construction Partners Inc., J.B. Hunt Transportation Services, Huntington Bancshares and ProFrac Services—will join Nasdaq Inc. in dual listing on Nasdaq Texas. This first cohort reflects sectors from energy and industrials to financial services.
3. Strategic Implications for Nasdaq
By dual listing itself, Nasdaq Inc. underscores its commitment to the Texas economy and aligns its governance with state law. Nasdaq Texas offers issuers local oversight alongside continued access to global liquidity and Nasdaq’s technology solutions.