New York Stock Exchange President Lynn Martin joins “Mornings with Maria” to discuss the launch of new tokenized securities platforms, the potential for a surge in IPOs in 2026, and why U.S. capital markets remain unparalleled globally.
The New York Stock Exchange’s quiet expansion into Texas is rapidly gaining momentum. Lynn Martin, President of NYSE This revealed that within a year, more than 100 companies have already dual-listed on the NYSE Texas. This is a milestone that underscores Wall Street’s accelerating pivot toward a pro-Lone Star business environment.
“The NYSE Texas we announced last February became a reality last March 31, and now we have more than 100 dual listings on the NYSE Texas in less than a year,” President Lynn Martin told FOX Business’ Maria Bartiromo at the World Economic Forum on Thursday.
“It’s going well,” she continued.
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Earlier this week, President Donald Trump explosive expansion plan The New York Stock Exchange announced the move to Dallas, calling the move “incredibly bad” for New York and a failure on the city’s leadership.
The Texas flag flies at half-staff outside the New York Stock Exchange (NYSE) on Tuesday, May 31, 2022. (Getty Images)
“Building the New York Stock Exchange in Dallas would be incredibly bad for New York. I can’t believe New York would allow this,” Trump said in a post on Truth Social. He added that the move was a “huge test” for Zoran Mamdani, who had just become New York’s mayor.
The New York Stock Exchange said the expansion of the Dallas-based fully electronic stock exchange is not meant to replace its New York operations, but rather to expand its footprint and better serve businesses in the South and Southwest. NYSE Texas was established in March 2025 and continues to operate alongside the major exchanges.
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“So many companies are taking advantage of the opportunity to not only list on the New York Stock Exchange Texas Stock Exchange, but also dual-list on the New York Stock Exchange, including floor protection and everything,” Martin said. “The benefit of dual listing on the NYSE Texas is that you can take advantage of all the pro-business laws. governor [Greg] abbot It was enacted with a focus on shareholder rights, litigation, and the protection of executives of existing companies. ”
Additionally, Martin said NYSE Texas’ growth coincides with a broader recovery in IPO and listing activity, potentially leading to a capital markets “supercycle” in 2026.
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“We’re seeing demand from all sectors. It feels like this year is going to be a bit of a supercycle year in terms of the amount of deals coming to market,” she said. “Now I’m not just talking about mega-IPOs. They may or may not come to market. But there’s a huge amount of demand from companies that are backlogged, companies that are on the sponsor books, and companies that just wanted to put their plans on hold for a while because of the volatility.”
“I’m incredibly bullish about capital markets and the U.S. economy and about 2026,” Martin added.
FOX Business’ Amanda Macias contributed to this report.
