Texas Stock Exchange Adviser Expects First IPOs in Early 2027

The Texas Stock Exchange plans to host its first initial public offerings in the opening quarter of 2027 as it seeks to grab a chunk of business from Nasdaq and the New York Stock Exchange, said Jeb Hensarling, a strategic adviser to the Dallas-based marketplace.

Trading is set to begin this summer with exchange-traded products ahead of any company listings, Hensarling said in an interview Wednesday. The upstart TXSE is targeting potential listing companies from Texas to Florida as it seeks to drum up business.

“You have all kinds of economic activity coming to ...