TXSE Group Launch Announcement – Key Points:
- New Exchange: TXSE Group announces the launch of the Texas Stock Exchange (TXSE).
- Headquarters: Located in Dallas, Texas.
- Capital Raise: Initial capital raise of nearly $120 million.
- Purpose: Provide US and international organizations access to US equity capital markets.
- Services:
- Platform for trading and listing public companies.
- Expanding “universe of exchange-traded products”.
- Technology: Fully electronic national securities exchange.
- SEC Registration: Intends to submit a registration with the US Securities and Exchange Commission (SEC) later this year.
- Investors:
- Over two dozen investors.
- Includes BlackRock and Citadel Securities.
- Industry angels also participated.
- Capitalization: Claims to be the “most well-capitalised exchange entrant ever” to file with the SEC.
- CEO Statement:
- James Lee, founder and CEO, highlights the growing volume and choices in equities trading markets.
- Emphasizes benefits for investors, issuers, and liquidity providers through increased competition and market reliability.
