Wall Street pivot to Lone Star State accelerates with NYSE Texas’ 100+ listings
NYSE president Lynn Martin joins “Morning with Maria” to discuss the launch of a new tokenized securities platform, a potential IPO ramp-up in 2026, and why U.S. capital markets remain unmatched globally.
The NYSE’s quiet expansion into Texas is rapidly gaining momentum, with NYSE Chairman Len Martin revealing that more than 100 companies have already listed on the NYSE in Texas in less than a year — a milestone underscoring Wall Street’s accelerating pivot toward the pro-business climate of the Lone Star State.
“The NYSE in Texas, which we announced in February of last year, went live on March 31 of last year, and has now had more than 100 dual listings on the NYSE in Texas in less than a year,” President Len Martin told FOX Business’ Maria Bartiromo at the World Economic Forum on Thursday.
“It’s going great,” she continued.
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Earlier this week, President Donald Trump criticized plans to expand the New York Stock Exchange to Dallas, calling the move “incredibly 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 incredibly bad for New York,” Trump wrote in a post on Truth Social. “I can’t believe they would let this happen.” He added that this step constitutes a “big test” for the new mayor of New York, Zahran Mamdani.
The expansion of Dallas – a fully electronic stock exchange headquartered in Dallas – is intended to expand its reach and better serve companies in the South and Southwest, not to replace its New York operations, the NYSE said. The NYSE Texas exchange was launched in March 2025 and continues to operate alongside the main exchange.
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“A lot of companies have taken the opportunity to dual-list on the NYSE, all the protections, everything…in addition to listing on the NYSE in Texas,” Martin said. “The advantage of dual listing on the NYSE Texas is that you are able to take advantage of all the pro-business legislation passed by the Governor [Greg] “Abbott has passed legislation on shareholder rights, on … litigation, and on the protection of the C-suite of existing companies.”
Additionally, the NYSE’s growth in Texas coincides with a broader rebound in IPOs and listing activity, according to Martin, who described a potential “super cycle” for capital markets in 2026.
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“We’re seeing demand from all sectors. It feels like it’s going to be a super cyclical year in terms of the volume of deals coming into the market,” she noted. “Now, I’m not just talking about the huge IPOs, which may or may not come to market, but there’s a tremendous amount of demand from companies that are backlogged, companies that were sitting on sponsors’ books, as well as companies that just wanted to go for a while and put off plans because of the volatility.”
“I’m incredibly optimistic about 2026 for capital markets and the US economy,” Martin added.
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FOX Business’ Amanda Macias contributed to this report.
2026-01-22 13:48:00
