A dual listing is when a company makes the same shares available on two different stock exchanges, often in different countries, so investors can buy and sell the same ownership stake in more than one market—like a shop opening branches in two cities that sell the same product. It matters to investors because it can widen the pool of buyers, make shares easier to trade, expose the stock to different currencies and rules, and create price differences or arbitrage opportunities that affect returns and risk.
The primary listing is the main stock exchange where a company’s shares are officially registered and traded, and whose rules and regulators oversee its disclosures and corporate governance. For investors it matters because the primary listing determines the market’s trading hours and currency, the regulatory protections and reporting standards that apply, and where most trading volume and official filings are found—think of it as the stock’s legal “home address.”
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MIDLAND, Texas--(BUSINESS WIRE)--
ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) today announced the dual listing of its common stock on NYSE Texas, Inc. (the “NYSE Texas”), the newly launched fully electronic equities exchange headquartered in Dallas, Texas.
“It is an honor for ProPetro to join the NYSE Texas community. As a company deeply rooted in the Permian Basin, this milestone reflects our commitment to Texas and the state’s support of the broader energy industry,” said Sam Sledge, Chief Executive Officer of ProPetro. “We look forward to the opportunities this new exchange brings for our team and our shareholders.”
"As a Texas-based leader in the energy industry, ProPetro is a natural fit for NYSE Texas and we are excited to welcome them to the community,” said Bryan Daniel, President of NYSE Texas.
ProPetro will maintain its primary listing on the New York Stock Exchange and trade with the same “PUMP” ticker symbol on NYSE Texas.
About ProPetro
ProPetro Holding Corp. is a Midland, Texas based provider of premium completion services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. Through its PROPWR division, ProPetro also delivers reliable, adaptable power services through a modern, standardized fleet of gas-to-power solutions, serving data center, oil and gas, and industrial customers in the United States. ProPetro helps bring reliable energy to the world, enabling operational excellence and energy reliability for their customers. For more information, visit www.propetroservices.com.
