Nasdaq Texas officially launches with dual listings, commemorating the closing bell ceremony at the historic Alamo in San Antonio.
Quiver AI Summary
Nasdaq Texas celebrated its official launch by ringing the Nasdaq Closing Bell at the Alamo, coinciding with the 190th anniversary of the Battle of the Alamo. The event marked the full operational debut of Nasdaq Texas, a new exchange approved by the SEC that aims to provide U.S. companies with access to a Texas-based trading venue while benefiting from Nasdaq's technology and services. In attendance were Texas Governor Greg Abbott and Lt. Governor Dan Patrick, among others, to honor the first cohort of companies that will dual list on the exchange, including Nasdaq, Inc. and several prominent firms. Nasdaq Texas is set to support diverse sectors such as technology and energy, aligning with Texas' business-friendly environment and aiming to enhance capital formation in the state.
Potential Positives
- The official launch of Nasdaq Texas represents a significant expansion of Nasdaq’s operational presence in Texas, aligning the company with the state’s business-friendly environment and economic growth.
- The dual listing of Nasdaq, Inc. on Nasdaq Texas demonstrates the company's confidence in its own exchange platform, enhancing its credibility among potential issuers.
- This launch provides public companies in the U.S. with a new listing option that leverages Nasdaq's technology and market infrastructure while remaining rooted in Texas, potentially attracting more businesses to the exchange.
- The event, marked by a ceremonial ringing of the Nasdaq Closing Bell at a historic location, signifies a cultural and economic commitment to Texas, enhancing brand visibility and supporting local partnerships.
Potential Negatives
- Despite the celebratory tone, the press release highlights the inherent risks associated with the launch of a new exchange, including market conditions and geopolitical factors that could impact performance.
- The emphasis on a dual listing structure may raise concerns about Nasdaq's competitiveness and appeal compared to existing exchanges, especially if investor interest does not meet expectations.
- The warning regarding forward-looking statements indicates uncertainty about the future success of Nasdaq Texas, which could affect stakeholder confidence.
FAQ
What is Nasdaq Texas?
Nasdaq Texas is a dual listing exchange designed for companies to list under Texas law while accessing Nasdaq's global resources.
Who can list on Nasdaq Texas?
Nasdaq Texas is designed for publicly traded companies seeking alignment with Texas' economy and advantageous operational governance.
What are the advantages of dual listing?
Benefits of dual listing on Nasdaq Texas include access to liquidity, advanced technology, and increased visibility in a growing economic region.
Where did the Nasdaq Texas launch event take place?
The launch event for Nasdaq Texas occurred at The Alamo in San Antonio, Texas, celebrating the exchange's official opening.
What companies are part of the first cohort on Nasdaq Texas?
The inaugural cohort includes APA Corporation, J.B. Hunt, Huntington Bancshares, Construction Partners, and ProFrac Services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NDAQ Insider Trading Activity
$NDAQ insiders have traded $NDAQ stock on the open market 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:
- AB INVESTOR purchased 200,000 shares for an estimated $15,835,040
- JOHN ZECCA (EVP, Global CLO) sold 4,500 shares for an estimated $450,045
- BRYAN EVERARD SMITH (EVP, CPO) sold 4,633 shares for an estimated $419,610
- JEREMY SKULE (EVP, CSO) has made 0 purchases and 2 sales selling 4,210 shares for an estimated $370,416.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NDAQ Revenue
$NDAQ had revenues of $2.1B in Q4 2025. This is an increase of 4.63% from the same period in the prior year.
You can track NDAQ financials on Quiver Quantitative's NDAQ stock page.
$NDAQ Congressional Stock Trading
Members of Congress have traded $NDAQ stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by members of Congress over the last 6 months:
- REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 3 times. They made 3 purchases worth up to $115,000 on 10/22, 10/09, 09/19 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$NDAQ Hedge Fund Activity
We have seen 548 institutional investors add shares of $NDAQ stock to their portfolio, and 523 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 10,418,342 shares (-73.8%) from their portfolio in Q4 2025, for an estimated $1,011,933,558
- MORGAN STANLEY added 3,567,843 shares (+62.6%) to their portfolio in Q4 2025, for an estimated $346,544,590
- NUVEEN, LLC added 2,736,322 shares (+82.0%) to their portfolio in Q4 2025, for an estimated $265,778,955
- HARRIS ASSOCIATES L P added 2,716,280 shares (+46.0%) to their portfolio in Q4 2025, for an estimated $263,832,276
- WINSLOW CAPITAL MANAGEMENT, LLC added 2,568,537 shares (+inf%) to their portfolio in Q4 2025, for an estimated $249,481,998
- WELLINGTON MANAGEMENT GROUP LLP removed 2,143,068 shares (-5.4%) from their portfolio in Q4 2025, for an estimated $208,156,194
- BANK OF AMERICA CORP /DE/ added 1,759,982 shares (+25.4%) to their portfolio in Q4 2025, for an estimated $170,947,051
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$NDAQ Analyst Ratings
Wall Street analysts have issued reports on $NDAQ in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 01/30/2026
- JP Morgan issued a "Overweight" rating on 01/30/2026
- Morgan Stanley issued a "Overweight" rating on 01/15/2026
To track analyst ratings and price targets for $NDAQ, check out Quiver Quantitative's $NDAQ forecast page.
$NDAQ Price Targets
Multiple analysts have issued price targets for $NDAQ recently. We have seen 7 analysts offer price targets for $NDAQ in the last 6 months, with a median target of $108.0.
Here are some recent targets:
- Bill Katz from TD Cowen set a target price of $106.0 on 02/26/2026
- Michael Cyprys from Morgan Stanley set a target price of $116.0 on 01/30/2026
- Ashish Sabadra from RBC Capital set a target price of $108.0 on 01/30/2026
- Michael Cho from JP Morgan set a target price of $101.0 on 01/30/2026
- Benjamin Budish from Barclays set a target price of $115.0 on 01/30/2026
- Alex Kramm from UBS set a target price of $120.0 on 01/12/2026
- Patrick O'Shaughnessy from Raymond James set a target price of $100.0 on 10/13/2025
Full Release
Nasdaq Texas Celebrates Official Launch with the Nasdaq Stock Market Closing Bell at the Alamo with the First Cohort of Dual Listings
Nasdaq, Inc. to Dual List on Nasdaq Texas Alongside Inaugural Group
SAN ANTONIO, March 05, 2026 (GLOBE NEWSWIRE) -- Nasdaq Texas will mark another milestone by ringing the Nasdaq Closing Bell at The Alamo, San Antonio, Texas, commemorating the 190th anniversary of the Battle of the Alamo and the full operational launch of Nasdaq Texas following approval of its listing rules from the U.S. Securities and Exchange Commission (SEC). This launch provides U.S. public companies with a Texas-based exchange designed to allow issuers to leverage the state’s business-friendly environment while maintaining access to Nasdaq’s suite of services and technology solutions.
The ceremony, which will be attended by Governor Greg Abbott and Lt. Governor Dan Patrick, celebrates several defining milestones: the official launch of Nasdaq Texas, the introduction of the first cohort of companies that will dual list on Nasdaq Texas and the announcement that Nasdaq, Inc. (Nasdaq: NDAQ) will dual list on Nasdaq Texas.
Held at one of Texas’ most historic landmarks, the event honors the state’s legacy of leadership and resilience while looking ahead to the future of modern capital markets.
A Foundational Commitment to Texas
Nasdaq Texas is now fully operational as a dual listing exchange and legally domiciled in the state. This milestone represents a long-term, structural commitment, aligning the exchange’s governance, operations, and strategy with Texas’ continued economic growth and leadership in capital formation.
Nasdaq Texas is designed to serve companies across sectors including technology, energy, industrials, life sciences, and financial services, providing access to deep liquidity, global investors, unparallelled market structure and technology solutions, all from a foundation rooted in Texas.
Introducing the First Cohort of Dual Listings
The first cohort of companies that are expected to dually list on Nasdaq Texas will join Nasdaq leadership to ring the Closing Bell at the Alamo. Together, they reflect the breadth and dynamism of Texas’ economy and help define the next era of capital formation in the state.
Participating companies include:
- APA Corporation (Nasdaq: APA)
- Construction Partners Inc. (Nasdaq: ROAD)
- J.B. Hunt Transportation Services (Nasdaq: JBHT)
- Huntington Bancshares (Nasdaq: HBAN)
-
ProFrac Services (Nasdaq: ACDC)
In addition, Nasdaq, Inc. (Nasdaq: NDAQ) will dual list on Nasdaq Texas, underscoring its confidence in the platform and aligning the company with the same structure it offers issuers.
Executive Commentary
“The full launch of Nasdaq Texas represents a permanent, foundational commitment to the companies that want to build the future of the U.S. economy from this state,” said Rachel Racz, SVP and Head of Listings for Texas, Central and Southern U.S., and Latin America. “By being part of this community, Nasdaq is aligning itself with the leadership, resilience, and growth that define Texas. We are proud to welcome our first cohort of dual-listed companies and look forward to supporting them with the full strength and capabilities of Nasdaq Texas.”
“APA Corporation is proud to be part of the inaugural group of companies dual listing on Nasdaq Texas. This milestone reflects our deep roots in Texas and our continued commitment to disciplined capital allocation and long-term value creation for our shareholders,” said John J. Christmann IV, CEO of APA Corporation . “We are pleased to support the launch of Nasdaq Texas and to participate in this historic Closing Bell ceremony at the Alamo alongside fellow issuers.”
“As a lifelong Texan and long‑time builder of Sunbelt businesses, I’m proud to see a U.S. exchange designed to reflect Texas’ business‑friendly environment while leveraging Nasdaq’s world‑class technology and reach. At SunTx, we’re fortunate to partner with exceptional management teams like Construction Partners, a charter member of Nasdaq Texas. Under the leadership of Governor Greg Abbott and Lt. Governor Dan Patrick, Texas continues to set the pace for innovation, opportunity and enterprise, and we’re proud to help build on that momentum,” said Ned N. Fleming, III, Founder of SunTx Capital Partners and Executive Chairman of Construction Partners .
“Huntington Bancshares is proud to be among the first companies, and the first bank, to be listed on Nasdaq Texas, and we’re thrilled to take this next step with them,” said Steve Steinour, Chairman, President and CEO of Huntington Bancshares, Inc. “Texas represents growth, innovation and an entrepreneurial spirit that aligns perfectly with our purpose to make people’s lives better, help businesses thrive and strengthen the communities we serve.”
"J.B. Hunt is proud to be among the first companies to hold a dual listing with Nasdaq Texas. As the largest domestic intermodal and dedicated provider in North America and with significant scale in our Truckload, brokerage, and Final Mile businesses, we have deep roots in the region and support the full supply chain from the first mile to the last mile,” said Shelley Simpson, president and CEO of J.B. Hunt . “When our customers grow here, we grow here as well by investing in people, technology, and capacity to support their needs. This moment represents a meaningful opportunity, and we’re excited to align with the leadership driving economic growth across Texas. We look forward to what this means for the future of the U.S. economy and all that lies ahead.”
“It is an honor to represent ProFrac and my family at a celebration of Texas heritage. Our roots are here, our people are here, and we are proud to continue building companies that contribute to the strength and future of the Texas economy,” said Matt Wilks, Executive Chairman, ProFrac Services .
Frequently Asked Questions
What is Nasdaq Texas?
Nasdaq Texas is a dual listing venue that expands Nasdaq’s presence in the state by providing companies with the ability to list on an exchange formed under Texas law while maintaining access to Nasdaq’s global platform, technology, and market infrastructure. It reflects Nasdaq’s long-term investment in Texas and its commitment to supporting capital formation across the region.
Who is Nasdaq Texas designed for?
Nasdaq Texas is designed for publicly traded companies that want to align with the Texas economy, operate within the state’s business-friendly governance environment, and maintain access to Nasdaq’s full suite of global capabilities, liquidity, and investor reach.
What are the benefits of dual listing on Nasdaq Texas?
Dually listing on Nasdaq Texas is a seamless process that allows companies to:
- Align with Texas’ corporate governance framework and business environment
- Maintain access to Nasdaq’s deep liquidity and global investor base
- Leverage Nasdaq’s advanced market technology
- Increase visibility within one of the fastest-growing economic regions in the United States
More information here: https://www.nasdaq.com/nasdaq-texas
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Nasdaq Media Contact
Michelle Mendiola
[email protected]
+1 646 634 8350
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to the launch of the Nasdaq Texas exchange and the benefits to listing on Nasdaq Texas. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, geopolitical instability, government and industry regulation, interest rate risk, and U.S. and global competition. Further information on these and other factors are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at
http://ir.nasdaq.com
and the SEC’s website at
www.sec.gov
. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
-NDAQG-