Since its launch earlier this year, NYSE Texas has seen several companies list on the exchange.
DALLAS — North Texas-based telecom giant AT&T is deepening its roots in the Lone Star State.
The company announced Thursday that it will dual list on NYSE Texas, which is based in Dallas and opened in March as the first securities exchange to operate in Texas. Since its opening, NYSE Texas has seen several companies, including President Donald Trump’s Trump Media and Technology Group, the parent company of his social media platform Truth Social, and Halliburton, dual list on the exchange, as Reuters reports.
AT&T says it will keep its primary listing on the New York Stock Exchange and trade with the “T” ticker symbol on NYSE Texas after its dual listing.
“AT&T has a longstanding relationship with the New York Stock Exchange, which has been integral to our continued financial growth and success,” said AT&T CEO John Stankey in a statement. “North Texas is home to AT&T’s global headquarters and we’re proud to be part of the vibrant and dynamic pro-business environment fostered by the Lone Star State. Our decision to dual list and become a founding member of NYSE Texas builds on our deep history with the exchange and further strengthens our commitment to Texas.”
AT&T is based in Dallas and has nearly 24,000 employees.
“AT&T is an important addition to our Founding Members at NYSE Texas and makes our Texas community stronger,” NYSE Group President Lynn Martin said.“As AT&T’s listing home for more than 120 years, we are honored to have been part of AT&T’s journey of success and growth since 1901 and delighted that we can offer AT&T a venue to further build their support for the state of Texas.”
The New York Stock Exchange previously said Texas is home to the largest number of companies listed on the NYSE, representing more than $3.7 trillion in aggregate market value, according to a press release.
NYSE Texas has competition, though, as financial giants continue to make moves in the Lone Star State.
The upstart Texas Stock Exchange announced its plans to bring a long-hoped-for national stock exchange headquartered in Dallas last summer. It’s gotten more than $161 million in initial backing, and its board includes former Texas Gov. Rick Perry, who was also U.S. Energy Secretary, and leaders from Blackrock and Citadel Securities.
Nasdaq, one of the two largest stock exchanges in the world behind the New York Stock Exchange, also announced earlier this year that it plans to open a new regional headquarters in Dallas.
Nasdaq had previously announced plans to put one of its three new regional listings divisions in Irving.
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