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A Billionaire-Backed Texas Stock Exchange Is In The Works—Here’s What To Know   A group backed by more than two dozen investors—including Citadel Securities and BlackRock—is planning to start its own stock exchange in Texas, it said Wednesday, in an attempt to compete with the New York Stock Exchange and Nasdaq.   • The Texas Stock Exchange (TXSE)—owned by TXSE Group Inc. and founded in 2023, per its LinkedIn—will be a “fully electronic national securities exchange” that seeks to expand access to markets for all investors and those seeking access to public capital, according to Wednesday’s press release. • The TXSE aims to have primary listings, dual listings and exchange-traded products, according to The Wall Street Journal, which first reported the news. • The stock exchange has raised $120 million in capital and plans to register with the Securities and Exchange Commission later this year, according to the press release, while it will also have a physical headquarters in Dallas, and the company will employ about 100 people, The Dallas Morning News reported. • It plans to start facilitating trades in 2025 and host its first listing the following year, multiple outlets reported. https://lnkd.in/eXjpbzC5 Barry Kiront Stephen Kiront Scott Riemer Craft Capital Management, LLC #craftcapital

A Billionaire-Backed Texas Stock Exchange Is In The Works—Here’s What To Know   A group backed by more than two dozen investors—including Citadel Securities and BlackRock—is planning to start its own stock exchange in Texas, it said Wednesday, in an attempt to compete with the New York Stock Exchange and Nasdaq.   • The Texas Stock Exchange (TXSE)—owned by TXSE Group Inc. and founded in 2023, per its LinkedIn—will be a “fully electronic national securities exchange” that seeks to expand access to markets for all investors and those seeking access to public capital, according to Wednesday’s press release. • The TXSE aims to have primary listings, dual listings and exchange-traded products, according to The Wall Street Journal, which first reported the news. • The stock exchange has raised $120 million in capital and plans to register with the Securities and Exchange Commission later this year, according to the press release, while it will also have a physical headquarters in Dallas, and the company will employ about 100 people, The Dallas Morning News reported. • It plans to start facilitating trades in 2025 and host its first listing the following year, multiple outlets reported. https://lnkd.in/ejzMNnxS Barry Kiront Stephen Kiront Scott Riemer Craft Capital Management, LLC #craftcapital

🔴Texas Stock Exchange ?!?!? Here's What To Know🔴 Investor Backing: The Texas Stock Exchange (TXSE) is supported by over 24 investors, including Citadel Securities and BlackRock. Founding Year: TXSE was founded in 2023. Capital Raised: The exchange has secured $120 million in funding. Employment: TXSE plans to employ approximately 100 people. Headquarters: The physical headquarters will be located in Dallas, Texas. Start of Operations: The exchange aims to begin facilitating trades in 2025 and host its first listing in 2026. Economic Size: Texas’ economy is valued at $2.4 trillion, making it the eighth-largest economy globally. Regulatory Plans: TXSE intends to register with the Securities and Exchange Commission later in 2024. Service Offerings: The exchange will provide primary listings, dual listings, and exchange-traded products. Economic Opportunity: CEO James Lee highlighted the robust economic and population growth in Texas and southeastern U.S. as significant opportunities for the TXSE. What are your thoughts on this? Like, Share, & Comment below! #Finance #stocks #stockmarket #NYSE #Nasdaq #TXSE #pe #privateequity #investmentmanagement #Texas #SelbyJennings #PhaidonInternational Jamie Remp Mary Tran Cameron Cooper, MSM Stephen Money Jaden Damesek Logan Shipley

News just out today on the Texas Stock Exchange, an upstart that is looking to begin operations in 2025 in Dallas. It will be a long road for the exchange, which faces an industry dominated by the NYSE and Nasdaq, though the entrant is backed by heavyweights such as Blackrock and Citadel Securities. There are good reasons that the industry has evolved and consolidated as it has, into just two big players, and even if (or especially if) the new exchange succeeded, it could be a ripe target for the industry's giants.

⭐ Lone Star Listings? The Texas Stock Exchange (TXSE) plans to file a registration statement with the Securities and Exchange Commission (SEC) later this year with a goal of beginning trading in 2025 and listing companies in 2026. Read more in our latest Withum Wealth Minute. 👇 https://okt.to/tCRjFq #investing #wealthmanagement #finance #nasdaq #nyse #txse #StockMarket

🚀 Exciting news for the finance world! Wall Street giants BlackRock and Citadel Securities are backing the launch of the Texas Stock Exchange (TXSE), a new national stock exchange set to shake up the industry. With $120 million in funding, TXSE aims to provide a more CEO-friendly environment by reducing regulatory burdens found at NYSE and Nasdaq. Expected to facilitate trades by 2025 and host its first listing in 2026, TXSE is poised to capitalize on Texas' growing appeal as a business hub. Dallas, already a dominant financial center, will be home to TXSE’s physical presence, boosting the city’s stature even further. Stay tuned for more updates as TXSE gears up to take on the traditional giants! 📈💼 #Finance #StockExchange #Texas #BusinessNews #Investing 🗣️ What are your thoughts? Can TXSE rival NYSE and Nasdaq? Share your opinion below! ⬇️ https://lnkd.in/e2ihD8ix

#ICYMI: The establishment of the Texas Stock Exchange (TXSE) is the latest in a long string of new Texas business endeavors underscoring that policy matters for job creators and investors, and that capital goes where it is treated well. As we approach the launch of this transformative enterprise, TAB stands ready to support ongoing efforts to further solidify Texas’ position as a global leader in financial services. Read our latest blog on the TXSE: Office of Texas Governor Greg Abbott James H Lee The Wall Street Journal

🚀 Exciting news in the world of finance! The Texas Stock Exchange (TXSE) is gearing up to shake things up in the US stock market by taking on the giants, NYSE and NASDAQ! 💥 #FinancialRevolution Backed by heavyweights Blackrock and Citadel Securities, TXSE is all set to make its mark in Dallas and challenge the status quo of the traditional exchanges. 💪📈 #TXSELaunch With over $100 million already raised and regulatory filings on the horizon, the Texas Stock Exchange is on track to potentially kick off operations by the end of the year. 🌟💰 #BigMovesAhead The US markets are buzzing with activity, attracting more companies looking to get listed. But breaking the duopoly of NYSE and NASDAQ won't be a walk in the park for TXSE. 🎢 #MarketCompetition Despite skeptics drawing parallels to past failed attempts, TXSE aims to stand out by addressing key pain points for companies. Simplified rules, reduced compliance costs, and a promise of being apolitical are some of the cards they're playing. ♟️💡 #GameChangerApproach While it all sounds promising in theory, only time will tell if Texas can outshine New York in the stock exchange arena. 🕰️🔍 #WaitAndWatch Keep an eye on this space as the battle for dominance in the stock market heats up! 🔥💼 #StockMarketShowdown #TXSEvsNYSEvsNASDAQ

Texas Gears Up for Its Own Stock Exchange Challenge In an ambitious move to shake up the U.S. financial markets, Texas is set to launch its own stock exchange. Backed by Wall Street powerhouses BlackRock and Citadel, this new platform aims to offer an alternative to what they consider the restrictive regulations of the New York Stock Exchange (NYSE) and Nasdaq. This development, reported by The Wall Street Journal, indicates a significant shift in the landscape of American finance, potentially introducing a new era where trading venues are no longer confined to the traditional hubs. The new exchange could provide streamlined processes and a business-friendly environment that Texas is known for, which might appeal to both companies and investors tired of the current regulatory framework. How will this impact the dominance of NYSE and Nasdaq? Could this shift bring more business to Texas? Only time will tell, but the stakes are certainly high as Texas takes aim at New York’s financial crown. Source- https://lnkd.in/gZW2zHwv

Will the new Texas Stock Exchange that is openly taking aim at New York’s Dominance gain traction? According to the TXSE’s CEO, one of the objectives is to create a more “CEO and issuer friendly environment”.    The TXSE’s push to challenge the NYSE and Nasdaq comes with a hefty $120 million backing from two titans in the finance world, BlackRock and Citadel along with almost two dozen other investors. This interest underscores the market demand for alternative platforms. For CEOs, this means more options and potentially more user-friendly and common-sense regulations when considering an exchange for initial public offerings, uplists or cross lists.    This development is reminiscent of the industry shifts we have thus far seen with the Cboe’s entry onto the listing scene. Issuers will be sure to appreciate more flexibility and choices, especially among micro and small companies.    Let us know your thoughts and your opinion on whether this is good, bad or indifferent for the micro and small ecosystem? Whether our clients engage in an Uplist, Cross-list, Direct List, #SPAC, de-SPAC, Merger, #ReverseMerger or #IPO through a private placement, firm commitment underwriting, Reg A or otherwise, Lucosky Brookman is at the forefront of sophisticated OTC and Senior Exchange Listed Transactions. #ipo #lucoskybrookman #nyse #nasdaq #cboe #lucbro Lucosky Brookman LLP Joseph Lucosky