Texas Stock Exchange CEO: There’s ‘broad recognition’ of need for ‘third listing alternative’

But this is just the beginning. I think we're on the verge of the largest transfer of listings in history. And let me tell you why this is happening. You know, we've been out on the ground listening to companies and issuers for years. And there's a broad recognition that we need a third listing alternative. And that's exactly what we delivered this morning. >> Why do they need it? What's in it for them? >> Well, there's a larger problem that we're solving. You've seen if you zoom out 30 years, there's been a 50% decline in the number of public companies in the United States. And if you look at the IPO uh pipeline, it's heavily backlogged uh despite recent uptick. Sponsors worldwide are carrying over 31,000 public companies with a four tr with four trillion dollars of market cap. That's nine years of exits at the current exit rates. And frankly during this period we've had a listing duopoly only two exchanges.