Texas stock exchange is ready for takeoff!

The Texas Stock Exchange TXSE “tex-ee” is gearing up to start trading. With big IPOs getting ready to come to market the TXSE might be opening at just the right time. Texas has been laying the groundwork for making a run at a successful exchange with more Fortune 500 companies headquartered than any other state and the establishment of their own business court. The players are already coming. Goldman Sachs has 4,500 employees in Dallas. JPMorgan has more employees in Texas than New York. NYSE rebranded its electronic exchange in Chicago into NYSE Texas and moved to Texas. Nasdaq rebranded its BX electronic exchange into Nasdaq Texas and moved to the state. SpaceX chose to do a dual listing on Nasdaq and Nasdaq Texas for its IPO. TXSE is operating in temporary space right now but is planning to move into Bank of America Tower when construction is completed in 2027. This episode examined an article in The Wall Street Journal (subscription required) titled “There’s an IPO Gold Rush – and Texas is coming for New York.”