Core Viewpoint - U.S. President Donald Trump criticized the establishment of a secondary listing venue for the New York Stock Exchange (NYSE) in Dallas, calling it an "unbelievably" bad decision for New York and a significant test for the new Mayor [6]. Group 1: Company Developments - Intercontinental Exchange, the owner of NYSE, announced the addition of Texas as a venue for a secondary listing, which officially opened for business in early 2025 [6]. - NYSE Texas has already seen 10 companies, including Halliburton and Trump Media & Technology Group, dual list on the Dallas-based exchange within the first three months of its operation [6]. Group 2: Industry Implications - The move to establish a secondary listing in Dallas raises concerns about the potential impact on New York's financial prominence, as highlighted by Trump's remarks [6]. - The decision reflects a broader trend of companies seeking alternative listing venues, which could influence the competitive landscape of stock exchanges in the U.S. [6].

Group 1 - Pony.AI and WeRide have received approval from Chinese securities regulators for secondary listings on the Hong Kong Stock Exchange [1][2] - Both companies are already publicly traded in the U.S. on the Nasdaq Exchange, with WeRide debuting in October 2024 and Pony.AI following in November 2024 [1] - The approval from the China Securities Regulatory Commission (CSRC) allows these companies to pursue their proposed listings, which is part of a broader trend of Chinese companies seeking secondary listings [2] Group 2 - WeRide has engaged Morgan Stanley and China International Capital Corp to assist with its dual primary listing in Hong Kong, with plans to complete the listing in December [3]

The UK should stop looking down on companies seeking a secondary listing in London if it wants to rebuild the stock exchange’s waning status, the leader of one of the country’s main corporate lobby groups said https://t.co/7bwllUHRkc ...