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Wikipedia says TX has 49 and CA/NY each have 53. But regardless of which state has the most at any given moment, even if 100% of Texas F500 companies decided t
by rco8786 2y ago
Wikipedia says TX has 49 and CA/NY each have 53.
But regardless of which state has the most at any given moment, even if 100% of Texas F500 companies decided to abandon their existing exchange and investor base for a more relaxed regulatory environment, that's...49 companies.
- fdasfdasfdjf 2y ago[flagged]
- deleted 2y ago[deleted]
- HWR_14 2y agoSure, or it's 10% of F500 companies. Which would be about 800 if a similar percentage of listed companies were TX based and moved to the new exchange. And if Tesla is a trendsetter, TX might be seeing an influx of large companies. At least for legal incorporation.
- vitus 2y agoFor what it's worth, Wikipedia cites the 2021 list. The 2023 list had Texas at 55: https://www.statesman.com/story/news/local/2023/06/05/texas-fortune-500-companies-list-2023-tesla-dell-oracle-austin/70290189007/ https://www.statesman.com/story/news/local/2023/06/05/texas-... edit: another commenter points out that California reclaimed the throne in the 2024 list, released just yesterday. As far as I can tell, there's some amount of movement to Texas for lower corporate taxes (especially companies led by executives like Musk or Ellison who prefer Texas's politics). I would be surprised if any major companies delist from NYSE / NASDAQ in order to go all-in on a new exchange, although I could see, say, Tesla considering it if it was a condition for an attractive ticker symbol like T (NYSE symbol for AT&T, which is also headquartered in Texas).