Texas
Truth Social owner Trump Media becomes first company listed on NYSE Texas — handing early win to exchange
Trump Media & Technology Group said on Monday it has become the first company to be listed on NYSE Texas, handing an early boost to the exchange as it gears up for fierce competition in the Lone Star state.
The company, which operates Truth Social and is primarily owned by President Trump, said it will also list its warrants on the Texas exchange. Its primary listing, however, will remain on the Nasdaq.
The move could bolster Intercontinental Exchange-owned NYSE, which on Monday became the first exchange to operate in Texas.
The state is home to the largest number of companies listed on the New York Stock Exchange, with a combined market value of over $3.7 trillion, and is now seeing rising competition for market dominance among stock exchanges.
NYSE will have to contend with rival Nasdaq, which promised to open a regional headquarters in the state earlier this month, and the Texas Stock Exchange, a venture backed by heavyweights including BlackRock and Citadel Securities.
The Texas Stock Exchange submitted paperwork in January to operate as a national securities exchange, and is eyeing a launch in 2026.
“This listing, alongside our plans to reincorporate in Florida, shows we’re part of a growing movement to take our business to states that value free enterprise and personal freedom,” said Trump Media CEO Devin Nunes.
Trump Media is a popular stock on retail trading forums and has often seen wild bouts of volatility in the past, such as around the election in November.
Securing the listing is a major win for the NYSE, but some consider the move “symbolic” – a perception that the exchange will likely need to change, while also strengthening liquidity.
Still, the growing competition between listing venues could strengthen the state’s emergence as a financial hub and a challenger to New York.
“The Texas business-friendly environment — lack of all the political issues and a stronger focus on what business should be — has a really unique position,” said Derek Wilson, co-founder of Dallas Opportunity Partners, an investor in the Texas Stock Exchange.
The announcement came on the heels of a filing late on Friday that BlackRock’s iShares division has filed for SEC approval to launch a Texas-focused exchange traded fund. The asset management giant did not disclose the exchange on which it proposes to list the ETF.
The fund will invest in stocks of companies headquartered in Texas that make up the Russell Texas Equity Index, a subset of the Russell 3000 index Unless regulators block or delay the offering, it could begin trading by early June.
The Texas Longhorns entered the 2025 season with more expectations than any team has had to deal with in recent memory.
Many among the media were ready to crown the team and quarterback Arch Manning before they even played one game. Of course, those unrealistic expectations were never met, even though the team finished with a 10-3 record and a Citrus Bowl win over the Michigan Wolverines.
2026 is heading in the same direction for the Longhorns. Many believe head coach Steve Sarkisian has the most talented team in the country. But in order to fix the issues from this past season, the Longhorns needed to fix one issue that has cost them in the past.
Changing The Narrative
One of the biggest issues the Longhorns had last season was the play of the offensive line. It was apparent in the first game of the season against the Ohio State Buckeyes that Manning didn’t have the pocket time needed to make big plays.
This offseason, Coach Sarkisian went out and found two massive transfer portal additions that should completely change the narrative on this offensive line.
It starts with potential starting right tackle Melvin Siani. Siani has spent time with the Temple Owls and last season with the Wake Forest Demon Deacons.
The Longhorns are set at left tackle with Trevor Goosby, who could play himself into being a top 10 pick in the 2027 NFL Draft. If the team can get competent play from Siani, the offense will be able to open up the playbook, and the world may finally see Manning at his college peak.
The Longhorns also went out and found a potential fix at left guard for the 2026 season. Western Kentucky Hilltoppers transfer Laurence Seymore could be another strong patch for the holes in the offensive line.
After spending the first two seasons of his college career with the Miami Hurricanes, Seymore made stops with the Akron Zips and the Hilltoppers.
Of course, the one concern with Seymore is wondering if he can compete at the SEC level coming from the C-USA.
This season for the Longhorns starts and stops with the play of Manning. Coach Sarkisian and the rest of this coaching staff understood that protecting their quarterback was the most important goal when building the 2026 roster.
The Longhorns are going to be leaning on veteran talent to protect their quarterback, and it may very well be the best decision they made this offseason.
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