Nasdaq Deepens Commitment to Texas with Additional Client Investment Across the Region

Rhea-AI Summary

Nasdaq has announced significant expansion plans in Texas, including opening a new regional headquarters in Dallas to serve Texas and the Southeast U.S. region. The company currently generates over $750 million in revenues in Texas and the Southeast region, partnering with over 2,000 clients, including approximately 800 based in Texas.

The expansion highlights Nasdaq's substantial presence in Texas, where it serves as the listing venue for over 200 companies headquartered in the state, representing $1.98 trillion in market capitalization as of December 2024. The new Dallas headquarters will serve as a premium gathering space for clients and the community, celebrating local leaders, entrepreneurs, and innovators.

As part of the announcement, Nasdaq will present Ross Perot Jr., Chairman of Hillwood and the Perot Companies, with the inaugural Nasdaq Lifetime Achievement Award, recognizing his contributions to Texas's economic development.

Positive

• Strong regional revenue of $750 million in Texas and Southeast U.S.
• Large client base of 2,000+ clients, including 800 in Texas
• Significant market presence with 200+ listed Texas companies worth $1.98T in market cap
• Strategic expansion with new Dallas regional headquarters

Negative

• None.

News Market Reaction

+1.01%

1 alert

+1.01% News Effect

On the day this news was published, NDAQ gained 1.01%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Nasdaq to open new regional headquarters in Dallas to serve Texas and the Southeast U.S. region

DALLAS, March 18, 2025 (GLOBE NEWSWIRE) -- Today, at an event hosted by Nasdaq with Governor Greg Abbott, Ross Perot Jr., and top leaders across Texas, Nasdaq will affirm its deep commitment to Texas and its place as an epicenter of growth and innovation across the globe. Nasdaq will also announce plans to make additional investments in the state, designed to enhance the liquidity, transparency, and integrity of the financial ecosystem. These investments will support the broad range of Nasdaq’s clients in the region, including corporate issuers, financial institutions, asset managers and asset owners.

Nasdaq currently generates over $750 million in revenues in Texas and the Southeast region of the U.S., partnering with over 2,000 clients, approximately 800 of which are based in Texas. Nasdaq is home to over 200 listed companies headquartered in the state, representing $1.98 trillion in market capitalization as of December 2024. As part of its continued investment in the region, Nasdaq will open a new regional headquarters in Dallas. The space will be a hub for Nasdaq clients and the wider community and will serve as a premium convening space to celebrate the leaders, entrepreneurs, and innovators that call the Lone Star State home.

“Nasdaq is deeply ingrained in the fabric of the Texas economy, and we look forward to maintaining our leadership as the partner of choice for the state’s most innovative companies,” said Adena Friedman, Chair and CEO of Nasdaq. “Beyond our listings franchise, we are proud to support a wide network of clients who trust us to help solve their most complex challenges. With our regional headquarters in Dallas, we look forward to further deepening our relationships with clients and supporting the continued success of the Texas Miracle.”

Nasdaq has a longstanding history of advocating for clients by minimizing the complexity associated with navigating the public markets. Its efforts for corporate issuers encompass addressing issues such as the SEC’s proposed climate disclosure rules, cyber disclosure rules, proxy advisory reform, AI regulation, PCAOB reforms, and emerging growth company timelines.

“Under the leadership of Governor Abbott, the Texas Miracle has made Texas synonymous with innovation-led growth and smart regulation,” said Ed Knight, Executive Vice Chairman of Nasdaq. “We share his commitment to these principles and will continue to advocate passionately on our clients’ behalf. As a result, we will take any action needed to ensure our clients enjoy the same benefits as all other companies in the state.”

Further remarks will be made at an event held later today to celebrate the legacy of Ross Perot Jr. and to discuss strategies for the state’s continued economic prosperity. Nasdaq will present Mr. Perot, Chairman of Hillwood and the Perot Companies, with the inaugural Nasdaq Lifetime Achievement Award. The award recognizes Mr. Perot’s unparalleled contributions to the Texas economy and his lasting impact on innovation, technology, economic prosperity, and community development.

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

Media Relations Contact:
David Lurie
+1.914.538.0533
David.Lurie@Nasdaq.com

Michelle Mendiola
+1.646.634.8350
Michelle.Mendiola@Nasdaq.com

Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking information that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. When used in this communication, words such as “will” and “look forward” and other words and terms with similar meaning and any other statements that are not historical facts are intended to identify forward-looking statements.   Such forward-looking statements include, but are not limited to, statements related to planned investments and their potential results. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

FAQ

How much revenue does Nasdaq (NDAQ) generate in Texas and the Southeast region?

Nasdaq generates over $750 million in revenues in Texas and the Southeast region of the U.S.

How many Texas-based companies are listed on Nasdaq (NDAQ) as of 2024?

Over 200 Texas-headquartered companies are listed on Nasdaq, with a combined market capitalization of $1.98 trillion as of December 2024.

What is Nasdaq's (NDAQ) new investment plan in Texas for 2025?

Nasdaq is opening a new regional headquarters in Dallas to serve Texas and the Southeast U.S. region, aiming to enhance financial ecosystem liquidity, transparency, and integrity.

How many clients does Nasdaq (NDAQ) serve in Texas?

Nasdaq partners with approximately 800 clients in Texas, out of over 2,000 total clients in Texas and the Southeast region.