Texas Stock Exchange files Form 1 registration to operate as a national securities exchange
TXSE Group Inc closes its initial capital raise at $161 million, making it the most well-capitalized exchange to ever file a Form 1
DALLAS, Jan. 31, 2025 /PRNewswire/ -- TXSE Group Inc announced today that the Texas Stock Exchange LLC (TXSE) has filed its Form 1 registration with the U.S. Securities and Exchange Commission (SEC).
TXSE is one of the only fully integrated exchanges to file for SEC approval in the past 20 years. Its filing proposes trading, listings of corporate issuers and ETPs, auctions, and a range of data products.
TXSE's goal is to provide greater alignment with issuers and investors and address the high cost of going and staying public. TXSE is also well underway in building an order matching engine that leverages the latest technology to deliver predictable performance, low latency, and speed comparable to that of the world's top-performing markets.
TXSE will continue to work with the SEC on the approval of its registration. If granted, TXSE intends to launch trading in early 2026, with listings by the end of the same year.
"Today marks another milestone in our journey to make the Texas Stock Exchange a reality," said James H Lee, founder and CEO of TXSE Group Inc. "Our team of market veterans and experienced technologists is committed to our long-term vision of revitalizing competition for listings and enhancing trading in the U.S. capital markets."
In addition, TXSE Group Inc announced that it has closed its initial capital raise at $161 million, making TXSE the most well-capitalized exchange to ever file a Form 1. Its founding investors represent all major sectors in the markets: liquidity providers, retail and institutional investors, and business leaders from across the country. They include BlackRock, Citadel Securities, Charles Schwab, Dell Family Office Management, Fortress, Jump Trading, Squarepoint, Susquehanna Private Equity Investments, Tower Research, and other market leaders.
TXSE is considering additional financing to further accelerate its plans.
"The composition of our founding ownership was intentional and deliberate," Lee said. "The market power of our investors reflects the depth of commitment to the success of this exchange, not just in the early years but over the next decade and beyond."
About TXSE Group Inc:
TXSE Group Inc is the parent company of the Texas Stock Exchange LLC. TXSE will focus on enabling U.S. and global companies to access U.S. equity capital markets and aims to provide a venue to list and trade public companies and the growing universe of exchange-traded products. Subject to approval by the U.S. Securities and Exchange Commission, TXSE will be a fully electronic, national securities exchange. More information is available at www.txse.com.
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SOURCE TXSE Group Inc.