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> From the article Texas is home to more Fortune 500 companies than any other state including New York and California. But the question is: will they change th

by tivert 2y ago

> From the article Texas is home to more Fortune 500 companies than any other state including New York and California. But the question is: will they change their listing to this new stock market, or stay with the long-recognized ones?

giantg2 2y ago
They could potentially dual list.
- rolandog 2y ago
  And at the very least, it'll serve as a good indicator of which companies don't view enshittification as a mistake/phase, but rather a goal/lifestyle.
  - giantg2 2y ago
    I don't think dual listing would really indicate that. A fully switch would be a better indicator.
bluGill 2y ago
Probably not - Fortune 500 is probably already on the NYSE and unlikely to move. Will smaller companies list in Texas though?
- fdasfdasfdjf 2y ago
  The Fortune 500 could still issue new shares on the new Texas exchange.
  - chollida1 2y ago
    That's not how things work. Shares can be freely traded on any of these exchanges at any time. its where you list that we are discussing here. Listing on an exchange is all about what reporting requirements you are required to make inorder to be a publicly listed company and what share requirement you are required to maintain to list. ie - share price above a certain threshold, - report your financials quarterly, etc. - often a minimum trading volume - certain requirements about the viability of the company, ie not bankrupt, etc. Foreign companies will often dual list in the US to get access to US liquidity as well as list on their own home exchanges. But once you are listed in the US there is no benefit to list on multiple exchanges as all you do is make your reporting requirements go up. Your shares can be traded on any US exchange once you are listed on any of htem.
    - bluGill 2y ago
      What if a company wants a new class of stock - would they always list on the same exchange? I'm not sure what the rules are around this, but I know it is sometimes done.
  - quickthrowman 2y ago
    ‘The Fortune 500’ is not an index fund, it’s a list published by a magazine.

by tivert 2y ago

giantg2 2y ago

They could potentially dual list.

rolandog 2y ago
And at the very least, it'll serve as a good indicator of which companies don't view enshittification as a mistake/phase, but rather a goal/lifestyle.
- giantg2 2y ago
  I don't think dual listing would really indicate that. A fully switch would be a better indicator.

bluGill 2y ago

Probably not - Fortune 500 is probably already on the NYSE and unlikely to move. Will smaller companies list in Texas though?

fdasfdasfdjf 2y ago
The Fortune 500 could still issue new shares on the new Texas exchange.
- chollida1 2y ago
  That's not how things work. Shares can be freely traded on any of these exchanges at any time. its where you list that we are discussing here. Listing on an exchange is all about what reporting requirements you are required to make inorder to be a publicly listed company and what share requirement you are required to maintain to list. ie - share price above a certain threshold, - report your financials quarterly, etc. - often a minimum trading volume - certain requirements about the viability of the company, ie not bankrupt, etc. Foreign companies will often dual list in the US to get access to US liquidity as well as list on their own home exchanges. But once you are listed in the US there is no benefit to list on multiple exchanges as all you do is make your reporting requirements go up. Your shares can be traded on any US exchange once you are listed on any of htem.
  - bluGill 2y ago
    What if a company wants a new class of stock - would they always list on the same exchange? I'm not sure what the rules are around this, but I know it is sometimes done.
- quickthrowman 2y ago
  ‘The Fortune 500’ is not an index fund, it’s a list published by a magazine.