Texas Stock Exchange raises $155M, total capital hits $430M

The parent company of the Texas Stock Exchange closed its third funding round with $155 million, bringing total capital to $430 million — a record for a new U.S. exchange. Within 20 days, companies representing $115 billion in market cap committed to move their primary listings to Dallas, including Dillard's and Energy Transfer.

• Third round added $155M, pushing TXSE total capital to $430M
• Companies worth $115B in market cap to move listings to Dallas in 20 days
• Migrants include Dillard's, Energy Transfer, Texas Capital Bancshares
• The exchange targets its own IPO in 2027