Wall Street’s Shift to Texas Gains Momentum with Over 100 NYSE Listings
NYSE President Lynn Martin joins ‘Mornings with Maria’ to discuss the launch of a new tokenized securities platform, a potential IPO surge in 2026, and why U.S. capital markets remain unmatched globally.
The New York Stock Exchange (NYSE) is making significant strides in its expansion into Texas, with President Lynn Martin announcing that over 100 companies have dual-listed on NYSE Texas in less than a year. This rapid growth highlights Wall Street’s shift towards the pro-business environment of the Lone Star State.
“NYSE Texas, which we announced in February of last year, went live on March 31, and now we have more than 100 dual listings on NYSE Texas in under a year,” Martin shared during an interview with FOX Business’ Maria Bartiromo at the World Economic Forum. “It’s going great,” she added, emphasizing the platform’s success.
In a related development, President Donald Trump recently criticized the NYSE’s plans to expand into Dallas, labeling the move as “unbelievably bad” for New York and a failure of city leadership. He expressed his concerns in a post on Truth Social, stating that this expansion poses a “big test” for New York’s newly inaugurated mayor, Zohran Mamdani.
The Texas state flag is flown at half-staff outside the New York Stock Exchange (NYSE) on Tuesday, May 31, 2022. (Getty Images)
Despite the criticism, the NYSE maintains that the Dallas expansion—a fully electronic equities exchange—is designed to enhance its reach and better serve companies in the South and Southwest, rather than to replace its New York operations. NYSE Texas, which launched in March 2025, continues to operate alongside the main exchange.
Dallas Mayor Eric Johnson predicts big firms will quit working in the Big Apple on ‘Maria Bartiromo’s Wall Street.’
“Many companies have seized the opportunity to dual list on NYSE, benefiting from the protections of the floor while also listing on NYSE Texas,” Martin explained. “The advantage of dual listing on NYSE Texas is the ability to leverage pro-business legislation enacted by Governor [Greg] Abbott, which enhances shareholder rights and protects C-suite executives.”
Moreover, the growth of NYSE Texas aligns with a broader resurgence in IPO and listing activities. Martin anticipates a potential “super cycle” for capital markets in 2026, indicating a strong demand across various sectors.
“We’re seeing demand from all sectors. It feels like it’s going to be a bit of a super cycle year in terms of the number of deals that come to market,” she noted. “This isn’t just about mega IPOs; there’s a significant backlog of companies eager to go public after delays caused by market volatility.”
“I’m incredibly bullish about 2026 for the capital markets and the U.S. economy,” Martin concluded.
FOX Business’ Amanda Macias contributed to this report.
NYSE President Lynn Martin joins ‘Mornings with Maria’ to discuss the launch of a new tokenized securities platform, a potential IPO surge in 2026, and why U.S. capital markets remain unmatched globally.
The New York Stock Exchange (NYSE) is making significant strides in its expansion into Texas, with President Lynn Martin announcing that over 100 companies have dual-listed on NYSE Texas in less than a year. This rapid growth highlights Wall Street’s shift towards the pro-business environment of the Lone Star State.
“NYSE Texas, which we announced in February of last year, went live on March 31, and now we have more than 100 dual listings on NYSE Texas in under a year,” Martin shared during an interview with FOX Business’ Maria Bartiromo at the World Economic Forum. “It’s going great,” she added, emphasizing the platform’s success.
In a related development, President Donald Trump recently criticized the NYSE’s plans to expand into Dallas, labeling the move as “unbelievably bad” for New York and a failure of city leadership. He expressed his concerns in a post on Truth Social, stating that this expansion poses a “big test” for New York’s newly inaugurated mayor, Zohran Mamdani.
The Texas state flag is flown at half-staff outside the New York Stock Exchange (NYSE) on Tuesday, May 31, 2022. (Getty Images)
Despite the criticism, the NYSE maintains that the Dallas expansion—a fully electronic equities exchange—is designed to enhance its reach and better serve companies in the South and Southwest, rather than to replace its New York operations. NYSE Texas, which launched in March 2025, continues to operate alongside the main exchange.
Dallas Mayor Eric Johnson predicts big firms will quit working in the Big Apple on ‘Maria Bartiromo’s Wall Street.’
“Many companies have seized the opportunity to dual list on NYSE, benefiting from the protections of the floor while also listing on NYSE Texas,” Martin explained. “The advantage of dual listing on NYSE Texas is the ability to leverage pro-business legislation enacted by Governor [Greg] Abbott, which enhances shareholder rights and protects C-suite executives.”
Moreover, the growth of NYSE Texas aligns with a broader resurgence in IPO and listing activities. Martin anticipates a potential “super cycle” for capital markets in 2026, indicating a strong demand across various sectors.
“We’re seeing demand from all sectors. It feels like it’s going to be a bit of a super cycle year in terms of the number of deals that come to market,” she noted. “This isn’t just about mega IPOs; there’s a significant backlog of companies eager to go public after delays caused by market volatility.”
“I’m incredibly bullish about 2026 for the capital markets and the U.S. economy,” Martin concluded.
FOX Business’ Amanda Macias contributed to this report.
