Nasdaq launches Texas exchange at Alamo

Nasdaq Texas allows companies to dual-list, accessing Nasdaq's liquidity while aligning with Texas corporate governance. The exchange is legally domiciled in Texas, achieved by reincorporating Nasdaq BX. The launch occurred on the 190th anniversary of the Battle of the Alamo. Nasdaq Texas is designed for companies wanting to align with the Texas economy and its business-friendly environment. Six companies are in the inaugural cohort, including energy firms ProFrac Services and APA Corp. Huntington Bancshares, J.B. Hunt Transportation Services, Firefly Aerospace, and Construction Partners are also participating. Nasdaq itself will dual-list on Nasdaq Texas. Governor Abbott stated that Texas is the "financial services capital of America". He sees Nasdaq Texas solidifying the state as a global economic leader. Nasdaq CEO Adena Friedman said Texas exemplifies boldness and leadership, mirroring Nasdaq's own story. Nasdaq Texas joins NYSE Texas and the Texas Stock Exchange in establishing a stronger financial presence within the state. The Texas Stock Exchange intends to challenge Wall Street's dominance.