Just got SEC approval last week. So how is this going to work?

It looks like they are focusing on dual listings with known companies on the NYSE before they move to primary listings on the TXSE. Could be interesting to see who the first primary listing ever is for the TXSE. Do we have anyone here who might be listing on it?

They're gonna be experts in Home Depot stock

I don't really know anything about this space, but I see this as more of a vanity project, at least initially. A quick search indicates NYSE listing fees are probably less than $1 million, so at first glance, it doesn't look like there's a whole lot of room to undercut the big dog. I assume their model presumes an online only low cost automated infrastructure, and potentially fewer rules to maintain listings, or maybe more protection from liability?

At this point, it appears they probably are going to have to pull a 1990s FoxSports NFL broadcasting rights breakthrough type action to make a splash in the marketplace. Something like a Schwab, Tesla, or Home Depot listing, or maybe a Buc-ees or HEB initial listing to gain traction. Or, they may just build it up slowly with microchip microcap (dang autocorrect) companies wanting a more streamlined process.

I'll watch it, but I don't expect it to have a big impact near-term.

I bleed maroon said:

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I don't really know anything about this space, but I see this as more of a vanity project, at least initially. A quick search indicates NYSE listing fees are probably less than $1 million, so at first glance, it doesn't look like there's a whole lot of room to undercut the big dog. I assume their model presumes an online only low cost automated infrastructure, and potentially fewer rules to maintain listings, or maybe more protection from liability?

At this point, it appears they probably are going to have to pull a 1990s FoxSports NFL broadcasting rights breakthrough type action to make a splash in the marketplace. Something like a Schwab, Tesla, or Home Depot listing, or maybe a Buc-ees or HEB initial listing to gain traction. Or, they may just build it up slowly with microchip companies wanting a more streamlined process.

I'll watch it, but I don't expect it to have a big impact near-term.

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Based on what I've read they are pursuing dual listing at first which has little to no friction in order to establish themselves.

It actually has higher hurdles to clear than listing on the NASDAQ, supposedly. So not sure what the play there is unless they are going more for exclusivity? Don't know.