4 ms·
> They're also hoping to appeal to large-cap companies' desire to incorporate in the Lone Star State, which has fewer regulations and more favorable tax policie
by _fat_santa 2y ago
> They're also hoping to appeal to large-cap companies' desire to incorporate in the Lone Star State, which has fewer regulations and more favorable tax policies.
Most companies listed on NYSE/Nasdaq are not incorporated in NY so I'm not sure what the appeal here is.
> Lee said that the TXSE would be apolitical, but its proposed launch comes at a time when right-wing culture warriors have taken aim at mainstream financial markets.
I'm calling it now. While I hope that TXSE ends up on the same level of NYSE/Nasdaq, I feel like the major appeal of TXSE will be ideological and it will end up gobbling up "culture war" companies doing IPO's/SPAC's. This will be the place where the likes to Truth Social, Rumble and other companies will be listed and it has mostly to do with it being in bright red Texas while the other two are in bright blue NY.
- bee_rider 2y agoHuh, if they are going to create a new partisan exchange, I wonder if it’ll also get ideologically aligned recessions.
- techostritch 2y agoIt will be an interesting question whether or not some of the newer libertarian tech companies move here. MuskCo, Palantir, companies funded by AH. But your company would probably have to be meme-y enough not to rely on institutional investors.
- AdamN 2y agoThis is just Business Insider confusing ... a bunch. The jurisdiction within which the listing is and where the company is incorporated have absolutely no relationship. Sure it might be a smart move to open the exchange and some companies will do it for various reasons but that won't be a motivator for them to also move the state in which they're incorporated.