Trump Media Lists on NYSE Texas Amid Expansion Plans

The New York Stock Exchange has launched its first securities exchange in Texas, named NYSE Texas, with Trump Media & Technology Group (TMTG) as its inaugural listing. TMTG, primarily owned by Donald Trump and known for operating Truth Social, will maintain its primary listing on Nasdaq. This move is seen as symbolic yet significant, aligning with a trend of businesses seeking states with pro-business dynamics, such as Texas and Florida, for operations. Despite being the first to list on NYSE Texas, TMTG's primary goal is to capitalize on Texas' business-friendly environment and expand into financial services. The opening of NYSE Texas marks a competitive shift as it joins Nasdaq and the upcoming Texas Stock Exchange in transforming Texas into a financial hub. NYSE Group President Lynn Martin highlighted the potential for innovation in U.S. capital markets fostered by Texas' supportive climate.