Re:Texas poised to get own stock exchange – with less red ta...
by vitus on Wednesday June 05, 2024 @11:29AM
(#40586115)
For what it's worth, Wikipedia cites the 2021 list. The 2023 list had Texas at 55: https://www.statesman.com/story/news/local/2023/06/05/texas-...
edit: another commenter points out that California reclaimed the throne in the 2024 list, released just yesterday.
As far as I can tell, there's some amount of movement to Texas for lower corporate taxes (especially companies led by executives like Musk or Ellison who prefer Texas's politics).
I would be surprised if any major companies delist from NYSE / NASDAQ in order to go all-in on a new exchange, although I could see, say, Tesla considering it if it was a condition for an attractive ticker symbol like T (NYSE symbol for AT&T, which is also headquartered in Texas).
Re:Texas poised to get own stock exchange – with less red ta...
by HWR_14 on Wednesday June 05, 2024 @10:33AM
(#40585280)
Sure, or it's 10% of F500 companies. Which would be about 800 if a similar percentage of listed companies were TX based and moved to the new exchange.
And if Tesla is a trendsetter, TX might be seeing an influx of large companies. At least for legal incorporation.
But regardless of which state has the most at any given moment, even if 100% of Texas F500 companies decided to abandon their existing exchange and investor base for a more relaxed regulatory environment, that's...49 companies.