Wall Street’s pivot to the Lone Star State accelerates through NYSE Texas’ 100+ list
NYSE President Lynn Martin joins ‘Mornings with Maria’ to discuss the launch of a new tokenized securities platform, the potential IPO boom in 2026 and why US capital markets remain unmatched globally.
The quiet expansion of the New York Stock Exchange in Texas is gaining momentum, as NYSE President Lynn Martin revealed that more than 100 companies have already been dual-listed on the NYSE Texas in less than a year – a milestone that underscores Wall Street’s quick response to the Lone Star State’s business climate.
“NYSE Texas, which we announced in February of last year, made it live on March 31 of last year, and now it has doubled to more than 100 listings on NYSE Texas in less than a year,” President Lynn Martin told FOX Business’ Maria Bartiromo at the World Economic Forum on Thursday.
“It’s going well,” he continued.
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Earlier this week, President Donald Trump blasted plans to expand the New York Stock Exchange in Dallas, calling the move “unbelievably bad” for New York and a failure of the city’s leadership.
The Texas state flag is flown at half staff outside the New York Stock Exchange (NYSE) on Tuesday, May 31, 2022. (Getty Images)
“Building the New York Stock Exchange in Dallas is an unbelievably bad thing for New York. I can’t believe they would let this happen,” Trump wrote in a Truth Social post. He also added that this step is “a big test” for the newly appointed mayor of New York, Zohran Mamdani.
The New York Stock Exchange said the Dallas expansion — a fully electronic stock exchange based in Dallas — is intended to expand its footprint and better serve companies in the South and Southwest, not replace its New York operations. NYSE Texas launched in March 2025 and continues to operate as a major exchange.
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“A lot of companies have taken the opportunity to dual-list on the NYSE, all the securities, everything… and list on the NYSE Texas,” Martin said. “The benefit of dual listing on the NYSE Texas is that you are able to take advantage of all that corporate legislation that the Governor has put in place. [Greg] Abbott made the law about shareholder rights, about… litigation, about the protection of the C-suite of existing companies.”
Additionally, NYSE Texas’ growth is consistent with a broad increase in IPO and listing activity, according to Martin, who described a potential “major cycle” for capital markets in 2026.
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“We’re seeing demand from all sectors. It looks like it’s going to be a big cycle year in terms of the number of deals coming to market,” he noted. “Now, I’m not just talking about big IPOs, which may or may not come to market, but there is a lot of demand for companies that are lagging behind, companies that are sitting on the books of sponsors, and companies that just want to go long and put plans on hold because of volatility.”
“I’m incredibly excited about 2026 in the capital markets, in the US economy,” Martin added.
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Amanda Macias of FOX Business contributed to this report.
