The country’s biggest homebuilder is backing Texas’ bid to become a capital markets hub.
D.R. Horton joined the NYSE Texas exchange, becoming one of the most high-profile names yet to list on the newly launched Dallas-based trading platform, the Dallas Business Journal reported.
The Arlington-based firm, which has a market cap of about $39 billion, announced the dual listing this week. It will retain its primary listing on the New York Stock Exchange, continuing to trade under the DHI ticker while also trading on NYSE Texas, a fully electronic equities exchange that opened for business earlier this year.
The move adds significant momentum to NYSE Texas, which is ramping up activity as it prepares to compete with the forthcoming Texas Stock Exchange, the separate Dallas-based venture aiming to start operations in 2026.
That exchange, backed by BlackRock, Citadel Securities and Charles Schwab, raised $161 million in seed capital and is reportedly planning a second fundraising round. Nasdaq also opened a division in Irving this year.
Since its March 31 debut, NYSE Texas has drawn several notable listings, including Trump Media & Technology Group, Stellar Bancorp and Comstock Resources, a natural gas firm controlled by Cowboys owner Jerry Jones. A physical NYSE Texas headquarters is also in the works but a location has yet to be announced.
Texas now hosts more NYSE-listed company headquarters than any other state, representing more than $3.7 trillion in aggregate market value, according to the outlet.
D.R. Horton’s dual listing won’t change how most investors buy or sell its shares, but the company’s participation lends credibility to the fledgling exchange and reinforces Texas’ growing influence in capital markets and corporate headquarters.
The company’s decision also comes as North Texas dominates the national housing construction landscape, with Horton playing a lead role in suburban buildouts across Dallas-Fort Worth.
— Judah Duke
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