Plans are in motion to launch the Texas Stock Exchange (TXSE), with the company sharing its intentions to file registration documents with the SEC in H2 2024. It will be headquartered in Dallas.
The national securities exchange will serve as an entrance point for US and global companies to access US equity capital markets, TXSE explained, and as a venue to trade and list both public companies and exchange-traded products.
Backers of the project include BlackRock and Citadel Securities, with TXSE chairman and CEO James Lee stating that the group has “more than two dozen investors” and has raised approximately US$120 million in capital.
Commenting on the news via LinkedIn, Lee said: “TXSE is expected to be the most well-capitalised exchange entrant to file a registration with the SEC.”
©Markets Media Europe 2024
