TXSE Group Completes $430 Million Third-Round Financing
TXSE Group, the parent company of the Texas Stock Exchange (TXSE), has completed its third-round financing with an additional $430 million in capital. This brings TXSE's total funding to a record level and marks one year since receiving SEC approval for operations as a national securities exchange. The new capital positions TXSE as the first major U.S. exchange established outside of New York or Nasdaq, offering primary listings from Texas. The financing was largely led by existing investors including BlackRock, Charles Schwab, Citadel Securities, J.P. Morgan, Goldman Sachs, and Bank of America—collectively representing over $4 trillion in market capitalization across industries. This strong backing reflects confidence in TXSE's mission to provide a third listing alternative focused solely on exchange operations. In recent weeks, several public companies with combined valuations exceeding $115 billion have announced plans to move their primary listings from the NYSE and Nasdaq to TXSE.
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Topics: capital raising market competition SEC approval Texas Stock Exchange